Travelers
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The executive rejoined Travelers excess casualty unit over two years ago after almost four years at Aon, where he was account executive. -
Chubb pushed its loss trend assumptions higher as it seeks to stay ahead of inflationary pressures.
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The insurer’s results are in line with other carriers, but they are ahead of the curve on adjusting loss costs.
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Commercial insurers surprised with continued positive results despite economic conditions.
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Inside P&C’s news team runs you through the key highlights of the week.
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For domestic automobile, renewal premium change was 6.3%, up a full three points from the first quarter of 2022 and the carrier expects the increases to continue.
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The uptick runs counter to recent commentary on a slow drift down in rates.
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The sector was hit by a rough first half of 2022, with more to come in the second half of the year.
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Excessive litigation costs and continued losses threaten the Sunshine state’s market.
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Shareholders also narrowly voted against a proposal relating to a third-party racial equity audit.
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Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
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Inside P&C’s news team runs you through the key developments from the week.
