Proassurance Group
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Executives said the company continues to shrink its book of business in markets with poor underwriting conditions. -
The Insurance Insider US news team runs you through the earnings results for the day.
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Rand said the company remains “very bullish on the long-term value that NORCAL brings.”
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier’s comments on claims severity should serve as a warning for the industry
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The Insurance Insider US news team runs you through the earnings results for the day.
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Social inflation is driving “cat-type” losses, with an increase in $50mn-plus verdicts.
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Workers' comp saw an ongoing significant increase in losses.
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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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Around 65% of the carrier’s claims costs were related to medical expenses, which the company attributed to increased costs for care of injured workers driven by healthcare wage inflation and medical advancements.
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Executives noted that the company has been cautious about releasing prior year reserves because of inflationary impacts on policies written later in 2022 and into 2023.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
