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As the fires spread, the priority shifted from saving structures to saving lives. -
Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.
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Despite being hailed as an asset, executives said the current situation is not ideal for either valuation or competitive purposes.
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The Insurance Insider US news team runs you through the earnings results for the day.
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It is targeting low-risk specialty lines where it has a competitive edge.
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The program is set to begin binding this month.
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The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
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Submissions flow at E&S arm Lexington increased 28% year-over-year in Q2.
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Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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The industry veteran also served as president and CEO of Starr Global Accident & Health.
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The tech could quickly open the door to disruptors, and firms with poor data management will lose out.
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The forecast has increased since the early July update due to several additional factors.
