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The Insurance Insider US news team runs you through the earnings results for the day. -
The losses do not change the near-term assessment of CinFin’s balance sheet strength.
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The bill seeks prompt claims payments and settlements, and greater transparency.
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The estimate covers property and vehicle claims.
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Casualty reserve concerns continue to mount as releases remain elevated.
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The broker attributed the drop to smaller average deal sizes over the quarter.
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His predecessor Peed remains with the firm as executive chairman.
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The insurer disclosed the estimates as it seeks emergency rate hikes from regulators.
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The company will ‘aggressively pursue subrogation’ for the Eaton Fire.
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The supply chain in personal auto, and the impact on inflation are areas of concern.
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Annual report pegged data and cyber security risks as most cited business challenges.
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Insurers could absorb as much as 90% of this year’s already elevated losses given shifts in attachment points.
