EARNINGS
May 01, 2025 01:46 PM (EDT)
Allstate Corp. hopes tort reform will reduce the “rampant effect of fender-bender lawsuits” enough to help offset any higher costs from new U.S. tariffs, Chair, President and Chief Executive Officer Tom Wilson said during an earnings conference call.
Apr 25, 2025 01:54 PM (EDT)
Tariffs and other economic uncertainties are complicating an insurance market that remains strong otherwise despite higher catastrophe losses, said Hartford Insurance Group Inc.'s chief executive officer.
SPECIAL REPORT
Apr 24, 2025 08:39 AM (EDT)
AM Best data shows that nearly half of all U.S. states saw its highest single-year property catastrophe loss ratio in the last 10 years exceed its 10-year median loss ratio by more than 20 percentage points.
Apr 28, 2025 08:36 AM (EDT)
Despite another year of elevated catastrophe losses, U.S. property/casualty (P/C) insurers generated high investment returns and were able to exceed their cost of capital in 2024, according to new AM Best report.
May 01, 2025 05:06 PM (EDT)
American International Group Inc. reported lower first-quarter net income due to income from Corebridge Financial Inc. recognized in the prior year, before Corebridge's deconsolidation, and losses from the California wildfires.
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