The Hartford
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The firm’s earnings set it on the path of great expectations for 2022-2023.
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The company is considering pricing actions, primarily in the homeowners’ line, as inflation accelerates.
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The carrier’s cat losses fell to $128mn, from $248mn last year, when it was hit with $110mn in civil unrest claims.
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Brodzinski will report to Adrien Robinson, who was recently named head of global specialty.
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Following strong year-to-date performance, P&C stocks were down in June after a change of tone in a Fed meeting.
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The legal case involving the Boy Scouts of America and The Hartford remains at an impasse, after holders of abuse claims rejected the insurer’s settlement offer.
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The Boy Scouts of America (BSA) and lawyers for sexual assault victims are close to a settlement in the largest bankruptcy case ever filed over childhood abuse, according to a report in the Wall Street Journal.
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Personal auto carriers lowered rates in response to 2020’s loss cost trends, but chasing market share now could be a mistake.
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Tizzio joined The Hartford through the carrier’s $2.1bn acquisition of The Navigators Group, which closed in 2019.
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New CEOs were not able to consistently create higher book value growth than their predecessors, and any growth achieved wasn’t maintained after five years.
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Activist investors are successfully learning how to navigate a regulated industry.
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Chubb discipline, Hartford reluctance and investor lassitude combine to impede a transaction.