Progressive

Allstate’s underperformance in results and value creation may be an opportunity for activist investor Trian, but history suggests it will have its work cut out.

These figures mark an improvement from August, which was impacted by losses from Hurricane Idalia.

Insurance regulators in California and other states signed off much-needed personal lines rate hikes in September.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The first non-renewals are scheduled for May 2024 in what is expected to be an 18-month process.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Nearly half of the cat losses incurred during the month of August were attributable to Idalia.

Differing trends in short- and long-tail lines offset each other to create a net positive for the industry, though the releases are slowing significantly.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

For July, Progressive’s underlying combined ratio improved 4.7 from last month to 87.9%, driven by significant rate hikes and more selective underwriting and risk selection policies.

On the surface, InsurTech results were better than the noise from incumbents, but caution is needed to ascertain the quality of new business coming in during a time when even industry leaders stumble.

Inside P&C’s news team runs you through the key highlights of the week.