Hints and tips:
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Six residential property and casualty insurers became insolvent in 2022, according to the state....
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...The Big Read Earlier this week, Knight Insurance Group, one of a handful of companies owned by Los Angeles-based subprime auto loan billionaire Don Hankey, put up the $175mn bond for Donald Trump....
...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....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...The US property and casualty (P&C) industry recorded a $26.5bn net underwriting loss in 2022, says rating agency AM Best....
...This was offset by strong trading in property and casualty insurance, which helped the company generate €4.1bn in underlying earnings....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...Across the board, US property & casualty insurers had a $27bn net underwriting loss last year, their worst performance since 2011....
...“This is as bad as it gets for a civil decision,” said Evan Gotlob, a former state and federal prosecutor who practices in New York....
...Rising auto prices and high demand have indeed played a large part in the long-term trend of higher auto-insurance costs....
...However, I’m kind of long the insurance industry, specifically kind of property casualty insurance industry. Now, everybody hates on this industry a little bit because, you know, the doomers, again....
...So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...Is it right that a greater share of taxpayer cash goes towards funding healthcare and state pensions for boomers with assets such as property and private pensions that younger workers can only dream of possessing...
...Presenting the company’s fourth-quarter results on Wednesday, Greenberg said property catastrophe insurance is “an opportunity” for Chubb as price rises remained ahead of the rise in payouts....
...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...
...Ken Stoller, assistant vice-president at the American Property Casualty Insurance Association, an industry body, highlighted the rejection of pandemic claims in many federal courts, in state high courts...
...Whereas in the States you have this much bigger culture for equity investment and that kind of floods through the system and sort of helps companies to grow. And yes, it leads to some stupid excesses....
...Signature’s sudden collapse was an early casualty of the turmoil now sweeping across the banking sector....
...Scaringe told a local radio station that the Normal area, with a diverse economy that includes agriculture, universities and the headquarters of the State Farm insurance company, was different from other...
...Most are bought cheaply in the US at second-hand insurance auctions where cars are deemed written off by insurers, buyers and brokers said....
...a slimmed down, specialist property and casualty insurer....
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