Allstate
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The personal lines insurer’s results were also impacted by the states’ regulatory climates and inflationary trends. -
Inside P&C’s news team runs you through the key highlights of the week.
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The executive was speaking during the company’s Q2 2022 earnings call, after it reported a 107.9% headline combined ratio for the period, marking a 12.2-point deterioration YoY.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company's net written premiums grew 11.5% to $11.5bn, compared to 10.2% in the first quarter.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company also said it expects a $408mn reserve charge, including $275mn related to personal auto and $91mn recorded for commercial auto.
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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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Embedded insurance can help sidestep some of the challenges faced by InsurTech 1.0.
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The carrier’s below-FHCF layer is 29% unplaced.
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The losses were caused by 14 events, most notably wind and hail in Texas, the Midwest and Canada.
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The personal auto writer’s partnership with the digital dealership should serve as a warning for other InsurTechs.
