Judge mostly sides with US government against insurers in Tennessee wildfire case
Plaintiffs including State Farm, USAA and Allstate argued the fires were the fault of the US National Park Service.
Progressive continues to excel in October results
Progressive’s results continue to reflect lower auto accident frequency, and the strong underwriting performance continues to offset weakening NII results as interest rates remain low.
Hard market watch: CIAB Q3 edition
The main takeaway from the CIAB's released survey data for Q3 commercial rates was continued rate increases in line with market intelligence from companies.
Brokers Q3 wrap: Back to reality as tradeoffs come into focus
The third quarter confirmed that the worst was over for broker revenues one quarter ago, not in the second half of 2020 as some executives had suggested before.
Auto Q3 wrap: Strong margins and a focus on direct
Key themes for the quarter included strong margins given continued low accident frequency, and a focus on direct distribution – especially as Allstate makes progress on its transformative growth plan.
InsurTech and the Valley of Death
Raising capital is not a one-shot game for early-stage companies.
Excess casualty – A brutal climb
Largest insureds scale back on purchasing in response to tough casualty pricing.
Q3 specialty highlights: submission flow and a hardening market
Increased rates and a tightening of T&Cs should lead to margin expansion down the line.