Personal auto
-
NatGen allegedly collected $500mn associated with the fraud.
-
Reserving trends, pricing declines and hurricane forecasts are causes for concern.
-
Longstanding investor Stone Point will continue as a partner and board member.
-
US SCS insured losses YTD already stood at around $12bn prior to these events.
-
Flash floods moved into Texas overnight and into the lower Mississippi Valley Monday.
-
The carrier is also targeting E&S growth in property brokerage and global specialty.
-
Concern about vague cat modeling language was a theme at a Tuesday workshop.
-
Commercial lines will remain bifurcated, with strong growth in property and weak growth in liability.
-
Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines.
-
Light cat losses, reserve development, and pricing trends are key topics in Q1.
-
Workers’ comp releases continue to mask deteriorating reserves in 2023.
-
This compared to a 20.6% YoY increase for February and January.