-
Changes in cat activity and social inflation have impacted carriers focused on the mid- and small commercial market. -
The December 28 breach involved millions of sensitive individual records.
-
The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
-
Average revenue per agency acquired was $3.1mn, down 21.2% from 2023.
-
The impact of the devastating California wildfires is too early to ascertain, executives said during earnings calls.
-
Hurricane Milton brought the firm net losses of $270mn in Q4, while it forecast up to a $750mn wildfire hit for Q1.
-
Chubb’s Q4 cat losses more than doubled to $607mn, driven by Hurricane Milton.
-
The AIG subsidiary says it has no obligation to “defend or indemnify” McKinsey.
-
The figure does not include specie or auto losses.
-
The nationwide carrier ranked sixth for multi-peril California homeowners' insurance in 2023.
-
A quick roundup of today’s need-to-know news, including Chubb and RenRe results and wildfire loss estimates.
-
Brown also said California needs a Marshall Plan-like strategy after the wildfires’ devastation.
