General casualty/GL
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The bishop’s insurance policies include general liability coverage, auto, employment practices, E&O, D&O, excess liability, cyber and sexual misconduct. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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During the first quarter, Chubb paid $200mn and another $300mn last month, according to the company’s Q1 10-Q filed with the SEC.
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The insurer made the payment on April 20, according to SEC filings reviewed by Inside P&C.
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Chubb earnings reveal strategic expansion in Asia and pricing outpacing exposure.
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US District Judge Richard Andrews struck down the arguments by some insurers that the judgment inflated claims and contained factual errors.
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The US continues to experience catastrophic flash flooding and heavy rainfall events that are impacting “inland” areas across the country, as well as coastal areas.
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While panelists agreed that tort reform is needed, they also noted that it couldn’t be achieved by force from the insurance industry alone.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Chubb’s balanced view of the market as a whole, and pricing and loss cost trends in particular, puts it ahead of the curve on value creation, despite a difficult economic backdrop.
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General and products liability rate increases will slow down in 2023, with an expanding number of insureds expected to experience flat to 5% hikes as the year progresses, according to USI.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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