Hints and tips:
...Allstate’s 2Q underwriting results (as measured by its “combined ratio”) highlights what can happen when weather and economic conditions turn against property and casualty insurers....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Those with the most exposure to home insurance have suffered more. Shares in Allstate, the country’s second-biggest home insurer by premium volume, have fallen by a fifth....
...Big insurers such as State Farm and Allstate said recently they had suspended offering home insurance to new customers in California....
...Zurich, one of Europe’s biggest insurance groups, released full-year results on Thursday, reporting a flat combined ratio — claims and expenses as a proportion of premiums — for its property and casualty...
...All this should be bad news for property and casualty insurers. After all, they make money by collecting more premiums than they pay out in claims....
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...Eric Yuan, chief executive, claimed the company was moving from being “a killer app company to a platform company”....
...Bills have been proposed in New Jersey, Massachusetts and Ohio....
...Its iptiQ unit helps other companies to develop insurance products....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...But it is not the only insurance company with a financial interest in sport....
...Simon Kirby, chief operating officer at Rolls-Royce, is stepping down just 19 months after taking the post, becoming the first high-profile casualty of the FTSE engineer’s latest restructuring....
...Farm states such as Iowa, Indiana and Ohio propelled Donald Trump to victory in his 2016 presidential campaign, even as his rhetoric on trade gave farmers pause....
...Shares of Travelers, one of the largest US property and casualty insurance companies, weighed on the broader Dow Jones Industrial Average with a drop of 3 per cent at the start of trading on Monday, after...
...The larger pharma companies reduced their exposure when the crisis began, and the smaller specialists don't have such deep pockets....
...Several property and casualty insurance companies were forecast to swing to the red after Hurricanes Harvey, Irma and Maria made landfall and two earthquakes devastated parts of Mexico, a series of natural...
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...Car plants as far afield as Louisiana and Ohio had to halt production for a lack of parts, from microcontrollers to paint. Yet Tohoku is on the periphery....
...Now cat bond rates are low enough that large private companies such as Allstate or State Farm can lay off the risk of a devastated Miami on to the capital markets....
...US property catastrophe insurance prices are up 7 per cent this year according to insurance advisory group Guy Carpenter....
...Analysts say the biggest hits will be taken by primary US insurers including Allstate, State Farm and Travelers. Yet even among these companies investors have been mostly cool-headed....
...Shares in top insurers including Allstate, Chubb and XL were all down at least 4 per cent on the week....
..., where institutions from Prudential Financial to Allstate exceed the threshold....
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