-
The class can collectively challenge State Farm’s property claims calculations.
-
On the rate environment, Schnitzer said the amplitude of the pricing cycle is shrinking.
-
All lines except workers’ comp are up year over year, however.
-
The losses were below May’s $777mn, but almost 3x higher than for June 2024.
-
CEO Jeff Consolino will undertake CFO duties on an interim basis.
-
Cat losses declined to $927mn from over $1.5bn a year ago on windstorms and hailstorms.
-
The suit claims billions of dollars are being illegally withheld.
-
PL coverage is being stripped out of admitted, packaged policies and increasingly purchased in the E&S market.
-
Rate gains are easing across many commercial and personal lines.
-
In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
-
The executive had been Stone Point’s representative on Higginbotham’s board.
-
This publication revealed the planned stake purchase earlier this week.