Travelers
-
A quick roundup of our best journalism for the week. -
Newcomers enter on the belief that they have a “better mousetrap”, said Donato Monaco.
-
Asbestos claims for exposed insurers could place more pressure on workers’ comp reserves.
-
Umbrella and commercial auto led Q3 rate hikes with double-digit increases.
-
The firm reported $547mn from Hurricane Helene losses.
-
Top concerns also included medical cost inflation and employee benefit costs.
-
Civil case, nuclear verdict and claims count data show worrying trends.
-
The figure represents a quarterly increase of 102%.
-
Travelers now holds around 6.2% of Fidelis, down from over 7.2%.
-
The industry could weather a recession, unless loss costs and reserving pressures worsen.
-
The report also noted that 35% of injuries occurred during an employee’s first year.
-
Travelers and Selective’s releases point to ongoing reserving challenges this earnings season.
Related
-
Daily Digest: Top news from July 19
July 19, 2024 -
Travelers’ Q2 CoR falls 6.3 points to 100.2%
July 19, 2024