EARNINGS
May 07, 2024 03:22 PM (EDT)
It takes years to build product models that continually improve segmentation by better aligning rate and risk, Progressive Corp. President and Chief Executive Officer Tricia Griffith said during an earnings conference call.
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.
BEST'S CREDIT RATING ACTION
May 02, 2024 10:44 AM (EDT)
U.S. personal auto insurers are the furthest ahead when it comes to innovative processes like automated claims management and the use of data to automate underwriting, according to a new AM Best report.
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.
May 02, 2024 02:58 PM (EDT)
If Allstate Corp.’s customers “quit getting sued every time they have an accident” the company could ease back on some rate increases, according to Chairman, Chief Executive Officer and President Tom Wilson.
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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.
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