Cincinnati Financial
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CinFin added reserves in Q2 after incurred losses emerged higher than expected.
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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 was offset by a $108mn reserve charge for years 2021 and prior.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Umbrella was "modestly profitable" in 2023, despite challenges in 2022.
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Insurance Insider US runs you through the earnings results for the day.
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Current CEO Steven Johnston will remain as executive chairman.
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“The loss ratio has certainly been under pressure with inflation and increased cat activity, but we're confident in where it's headed and seeing a lot of opportunity out there,” Spray told analysts on Friday.
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AJ Gallagher posts 10.5% Q3 organic growth, lower sequentially but up year-on-year
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At the same time, insurers are assessing the level needed to address loss cost trends.
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Overall, the executive said the company feels “really good and bullish” about the personal lines business for both its HNW and middle market books.