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Following a year of impressive results, benefits from low accident frequency appear to be fading based on the latest print. -
Claims from winter storms have exceeded the carrier’s $80mn retention for its property XoL treaty.
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Current levels of premium inflation are well below any metrics seen going back as far as January 1999.
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While the direct channel has strengthened over the past year, Root has not grown auto PIF since Q1:20.
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Farmers Insurance has returned to the Louisiana property and casualty market after a seven-year hiatus, the state’s insurance commissioner has confirmed.
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Robert Davis, the intermediary’s principal, will join Hub Northeast, along with his staff.
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The company becomes the latest listed Insurtech to suffer from a steep one-day drop following Lemonade’s 14% plunge last week.
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Branch operations vice president Jill Johnson takes over from Raudins as vice president of personal lines.
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Hippo is the only one of the current cohort of direct-to-consumer InsurTechs to own an AM Best A- rated carrier.
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The ratings agency expects coronavirus frequency benefit trends to continue through 2021.
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Risk retained through Spinnaker primarily to align interest with reinsurers.
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Gerald Dupre steps into the new role after leading the carrier’s E&S unit.
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