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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
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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Personal lines rates ticked up in April compared to the prior month as insurers try to stay ahead of rising loss costs.
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Progressive booked a $621.2mn adverse development, compared with a $190.8mn reserve charge in Q1 2022.
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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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Though strong growth continues, the future is less clear as driving forces potentially run out of steam.
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The scale of reductions is increasing as the class of business experiences its fourth consecutive quarter of rate falls.
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Sources said it is still unclear if the specialty insurer will exit the class permanently or if it will return to the market in the foreseeable future.
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The company posted a 1.2-point increase in its loss ratio to 58.6%, as the firm saw less-favorable reserve releases and slightly higher cat losses during the quarter.
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Inside P&C’s news team runs you through the key highlights of the week.
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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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The insurer made the payment on April 20, according to SEC filings reviewed by Inside P&C.
