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Top Stories / Ad / Most Recent
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CinFin added reserves in Q2 after incurred losses emerged higher than expected.
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Travelers and Selective’s releases point to ongoing reserving challenges this earnings season.
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Reserving trends, pricing declines and hurricane forecasts are causes for concern.
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Stable first half insufficient to counterbalance concerns on reserving trends.
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Workers’ compensation renewal rates decreased on a year-over-year basis.
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In 2023, the segment had its best direct loss ratio in nearly a decade at 50.8%.
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The broad themes remained the same as those dominating in April.
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Overly optimistic loss picks and worrying trends cast a shadow on best Q1 results in years.
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Expense ratios modestly increase for commercial but continue to decline for personal lines.
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Only umbrella posted a higher rate increase, while workers’ comp continued to drop.
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Casualty is less of a concern, despite reserving issues.
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Arkin Holdings and Launchbay Capital also participated as new investors.