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Travelers BI $151mn ex-asbestos Q3 reserve releases fueled by WC: CFO Frey
Umbrella and commercial auto led Q3 rate hikes with double-digit increases.
Research
Milton and Helene will join reserve trends, cat losses and organic growth as Q3’s key topics.
Milton’s significant but less-than-expected hit shifts our expectations for industry recovery.
Florida insurers averted a crisis, but reinsurers will still see damages.
The looming collapse of the city’s biggest livery insurer may not be cause for national concern.
Latest news
A quick roundup of today’s need-to-know news, including the Marsh global index, Allstate and Travelers Q3 results.
HCI is estimated to incur a net expense of $125mn for Milton in Q4 2024.
The carrier will only continue to offer lead capacity to some existing accounts.
Most of the insured loss was attributable to wind.
More News
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Assurant expects to post $138mn in Q3 pre-tax cat losses
October 16, 2024 -
California launches pilot community flood insurance program
October 16, 2024 -
R&W rates ‘unsustainably low’ while severity spikes: Euclid
October 16, 2024 -
E&S carrier Asic enters strategic partnership with Veritex Bank
October 16, 2024
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New Arch CEO Papadopoulo to receive $1.3mn annual salary
October 15, 2024 -
Starwind Specialty takes Optio’s Kirby for PVT program launch
October 15, 2024 -
TDI rejects 10% rate increase for Twia
October 15, 2024
Opinion
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With its McGriff deal, Marsh McLennan is betting big on MMA as a mid-market consolidator
Adam McNestrie and Ben Wylie -
Twia depopulation needs to be a priority
Shelby Rosenberg
Hurricane Milton: Bull and bear camps dispute loss toll
The bulls expect around $20bn-$30bn in Milton losses, with the bears anticipating $40bn-$50bn.
Most Read
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Q3 earnings preview: How will the industry weather the storm?
October 16, 2024 -
Verisk pegs onshore property loss from Milton at $30bn-$50bn
October 16, 2024 -
New Arch CEO Papadopoulo to receive $1.3mn annual salary
October 15, 2024 -
TDI rejects 10% rate increase for Twia
October 15, 2024
Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.
Admitted markets are not coming back to property as strongly as in past cycles, the executive said.
Casualty will likely fuel some of the E&S growth, the executive said.
Pockets in the business are still experiencing significant stress, she added.
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