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The ratings agency has revised Mercury’s outlook from stable to negative. -
Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.
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January CPI/PPI heats up but won’t translate to higher loss costs.
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The estimate is net of its per-occurrence reinsurance program and gross of tax.
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More than 33,000 claims had been filed as of 5 February.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The estimate covers property and vehicle claims.
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Insurers could absorb as much as 90% of this year’s already elevated losses given shifts in attachment points.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The storm is likely to be one of the costliest weather events in Canadian history.
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Insureds often just want cover in place at the lowest price possible, and insurers oblige under the skeptical eye of regulators.
