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The Insurance Insider US news team runs you through the earnings results for the day. -
The Floridian anticipates Hurricanes Debby and Helene to incur losses of $3.8mn in Q3 2024.
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The carrier saw 16% growth during the quarter.
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Modeling misses may have undervalued the storm’s inland wind impacts.
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This could change if Milton losses turn “ugly”.
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The carrier expects Q3 GWP to reach between $193mn to $200mn.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Asbestos claims for exposed insurers could place more pressure on workers’ comp reserves.
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Umbrella and commercial auto led Q3 rate hikes with double-digit increases.
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Prior to the event, clients were expecting a “very competitive market environment”.
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CEO John Doyle said global property rates were down 2% versus flat in Q2.
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The firm reported $547mn from Hurricane Helene losses.
