The Hartford
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A bill circulating in Congress would make the industry retain the first $250mn of pandemic risk, a proposal that has split industry opinion.
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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.
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Among the biggest gainers was Fairfax Financial, which jumped by nearly 10 percent.
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Kemper today become the latest carrier to announce a partial refund for customers.
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The restaurateur argues that insurance should pay for contamination and BI losses.
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Thomas Boudreau led inland marine and construction business at the carrier.
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Linda Carmona and Curt Browder are understood to have left the insurer.
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Coming into 2019, with margins reaching cyclical highs, and pricing still elevated, the dynamic in auto changed on a dime.
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Cumulative ceded incurred losses under the ADC with Nico are now $640mn
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The carrier has also lowered the upper limit of the policy by $100mn to $900mn.
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The period marked the first full quarter reflecting the integration of Navigators into the company.
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