Universal
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The carrier is looking at a $600-$900mn hit from hurricanes Debby, Helene and Milton. -
The Insurance Insider US news team runs you through the earnings results for the day.
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Shares gained after Hurricane Milton did less damage than anticipated.
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Milton threatens to make landfall in Florida shortly after Helene.
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The CEO noted that the tort reforms have not led to rate pressure yet.
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A roundup of today’s need-to-know news, including Commissioner Lara’s FAIR plan reforms.
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The Insurance Insider US news team runs you through the earnings results for the day.
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This compares to the 2023-2024 tower which covered losses up to $2.83bn.
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The carrier has completed its 2024-25 reinsurance renewal.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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In addition, the executive is eligible to receive an annual bonus of $262,000 for threshold performance, and up to $437,500 for maximum performance.
Related
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Hurricane Idalia cost Universal $45mn in Q3: CEO Donaghy
October 27, 2023 -
Q3 earnings roundup October 26: AJG, The Hartford and more
October 26, 2023