Cincinnati Financial

With hundreds of coronavirus-related BI suits working through state and federal courts, insurers still face a multi-billion-dollar challenge to keep judges and juries ruling in their favor.

The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.

Employment data indicates that easy growth and margin expansion may slow soon.

The judge threw out the insurer’s preliminary objections to the case, pointing out that the lawsuit had claimed the presence of Covid-19 meant the plaintiff was unable to use the premises.

Following strong year-to-date performance, P&C stocks were down in June after a change of tone in a Fed meeting.

CinFin improved its combined ratio by 7.3 points to 91.2% over Q1, sustained by an improvement in the loss ratio.

Ashley Christensen has filed the complaint on behalf of all North Carolina entities covered by Cincinnati’s standard business interruption coverage.

Catastrophe losses were higher in the fourth quarter and more than doubled for the full year in 2020.

The executive takes over for Martin Mullen, who announced his retirement in the fall.

District Judge Elaine Bucklo granted The Cincinnati Insurance Company’s motion to dismiss the case.

Inside P&C’s research team examines some of the areas that will be closely watched during the results season.

Underwriters Francis Hernandez and Ian Seakens have joined Cincinnati Global Underwriting to lead the new lines of business.