Travelers
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Policyholders are homing in on loose policy wordings to convince courts that insurers have acted in bad faith.
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The carrier is also focused on expanding its renewable energy practice, which grew by 40% during 2020.
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The pricing disclosures from both carriers indicated rate moderation for the first time in many quarters.
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The CEO says the carrier remains optimistic about rates in the class of business.
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Catastrophe claims spiked to $835mn, compared with $333mn a year ago.
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The next few years could prove to be more active in consolidation than normal for underwriters.
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The decision contrasts with a ruling against the industry in the Henderson Road case last month.
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Insurers face the difficult balancing act of signaling optimism to investors as they seek to push rate rises.
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The first week’s reporters present a conundrum around whether or not we will see ROE expansion in 2021.
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Travelers CEO Alan Schnitzer has hit back after an attack from a former GOP gubernatorial candidate.
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District Judge Dolly Gee granted a motion to dismiss, citing virus exclusions.
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Travelers’ 54% beat came with a collection of good news, including rate increases, margin expansion and positive reserve development.
