SPECIAL REPORT
May 09, 2024 08:59 AM (EDT)
Loss severity for several U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, suggesting that other factors are influencing claims costs for indemnity and expense payments, according to a new Best's Special Report.
LIFE INSURANCE
May 14, 2024 01:57 PM (EDT)
Total U.S. life insurance new annualized premium of $3.76 billion dropped 1% in the first quarter, compared with the same period a year earlier, as falling whole life sales offset gains across products, according to LIMRA.
EARNINGS
May 02, 2024 12:06 PM (EDT)
Cigna Group reported a first-quarter shareholders' net loss of $277 million, compared with a $1.27 billion profit a year earlier. The health insurer's loss included a a non-cash after-tax investment loss of $1.8 billion.
May 02, 2024 02:46 PM (EDT)
American International Group Inc. expects to realize savings and streamline its core general insurance business through U.S. staff cuts and the ongoing divestiture of its life and retirement business, said its chief executive.
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An overview for those working with and in one of the world's most interesting and vital industries is now available in the January 2024 issue of Best's Review.
Read the Guide to Understanding the Insurance Industry