The Hartford

A judge has decided that the lawsuit should remain in Texas state court.

The federal body ordered Lloyd’s, Cincinnati Insurance, The Hartford and Society Insurance to demonstrate why the cases should not be consolidated on an insurer-by-insurer basis.

The Hartford is looking to shave 2-2.5 points off its P&C expense ratio and 1.5 points off its group benefits expense base.

A program dubbed Hartford Next is expected to start immediately with $120mn of investments required to achieve the savings over the next two quarters.

The Connecticut-headquartered insurer also took a hit from $138mn in wind and hail claims during the quarter.

The insurer is set to return around $80mn to customers under the scheme.

William Steinberg was senior vice president and commercial property head at the AIG unit.

A bill circulating in Congress would make the industry retain the first $250mn of pandemic risk, a proposal that has split industry opinion.

The case follows lawsuits lodged earlier this month against Travelers by the firm.

The company reported an in-line quarter as a frequency benefit from auto in personal helped offset weaker results in commercial.

Among the biggest gainers was Fairfax Financial, which jumped by nearly 10 percent.

Kemper today become the latest carrier to announce a partial refund for customers.