Proassurance Group
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The Inside P&C news team runs you through the earnings results for the day. -
Inside P&C’s news team runs you through the key highlights of the week.
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In an interview with this publication, the executive added that jury sentiment is driving these large awards.
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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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Company shares opened at $12.33 on Friday, down nearly 50% from their 52-week high of $24.50.
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With social inflation increasing since Covid, ProAssurance’s recent announcements could be the tip of the iceberg for older claims in the industry.
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Inside P&C’s news team runs you through the key highlights of the week.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Two of the verdicts were around $15mn and two were between $40mn and $45mn.
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The specialty P&C segment’s underlying loss reflected claims severity trends, largely from prior accident years, which adversely impacted the calendar year loss ratio.
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The firm booked a Q4 $5mn reserve release that represented a favorable effect on its results of 2%, down from 6.7% in Q4 2021.
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