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Texas Workers’ Comp is Growing, Profitable, Adding Doctors
Nov 14 2024 // Texas’s worker’s compensation market is stable and steadily growing. The workers’ compensation market is one of the few consistently profitable lines in the state, according to the Worker’s...
2024 More of the Same in Commercial Auto Segment After $5B Net Loss in 2023
Nov 14 2024 // After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives,...
Liberty Mutual Quadruples Q3 Net Income Despite Catastrophe Losses
Nov 7 2024 // Liberty Mutual Holding Company said consolidated third quarter net income more than quadrupled to $897 million compared to $215 million during the same period a year ago. Catastrophe losses remained elevated at nearly $1.1...
Zurich’s Exposure to Hurricanes Helene, Milton Below $360M as Catastrophe Losses Rise
Nov 7 2024 // Zurich Insurance Group said on Thursday that its exposure to Hurricanes Helene and Milton, which recently wreaked havoc in the United States, would be less than $360 million, as insurers face increasing losses from natural...
Swiss Re Cuts 2024 Profit Target After Raising US Reserves
Nov 7 2024 // Swiss Re AG said it was raising reserves in its US Property & Casualty business by $2.4 billion in the third quarter, a move analysts said was positive despite a resulting downgrade to full-year profit...
AIG CEO Zaffino on Approach to Catastrophe Losses in Today’s Reinsurance Market
Nov 6 2024 // American International Group CEO Peter Zaffino said he expects the reinsurance market to remain above losses generated by the frequency and severity of natural catastrophes. Losses will instead continue to be absorbed by...
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