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In the absence of interim action, the segment could face an “availability crisis”.
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Big tort reform packages are on the table, but California steals the show, for now.
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Frequency has rebounded, while severity has spiked beyond the pre-Covid-19 years.
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The executive joined the firm in early 2023 after 10+ years at Aon.
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Regionals and smaller carriers need to exercise vigilance when expanding commercial casualty lines.
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The group should also tilt capital allocation away from M&A and deepen its disclosure.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Insurers could absorb as much as 90% of this year’s already elevated losses given shifts in attachment points.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Admitted carriers are dropping middle-market business due to large verdicts.
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The underwriter has worked at Axis for a decade.