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Allstate Third-Quarter Net Income Falls 44.8% to $2.05 Billion on Higher Catastrophe Losses
Operating entities of Allstate Corp. currently have a Best's Financial Strength Rating of A+ (Superior) to B (Fair). Shares of Allstate Corp. (NYSE: ALL) closed on the afternoon of ...
Source: BestWire   Date: November 4, 2026
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Assurant CFO: Consumers Keep Pricier Devices Longer, Increasing Demand for Services
Financial Officer Keith Meier said during an earnings conference call. The trends are increasing demand and sparking growth for the warranties, protection plans and extended ...
Source: BestWire   Date: November 4, 2026
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Hagerty Third-Quarter Net Income Lowers on Markel Fronting Arrangement Transitional Costs
Markel fronting arrangement." Hagerty recently priced a 9.25 million share secondary offering by Hagerty Holding Corp. at $11.95 per share, with net proceeds effecting a redemption ...
Source: BestWire   Date: November 3, 2026
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Progressive CEO: Policyholders Seem to Be Experimenting With Agentic AI Shopping
Chief Executive Officer Tricia Griffith. "We are leaning in by testing and researching agentic technology ourselves," she said during an earnings conference call. Customers appear ...
Source: BestWire   Date: November 3, 2026
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Florida OIR Says Kemper Subsidiary Refunding Excess Profits; Group Expects Swing to Net Income
Commissioner Mike Yaworsky anticipates more carriers to follow. Other companies previously initiated givebacks, including Progressive Corp. and Sentry Mutual subsidiary Dairyland, ...
Source: BestWire   Date: November 3, 2026
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CNA Third-Quarter Net Income Cut in Half on Cat Losses, Impact of Long-Term Care Review
Doug Worman said in a statement. Property/casualty core income declined, which the carrier attributed to lower underwriting results and higher catastrophe losses. Property/casualty ...
Source: BestWire   Date: November 2, 2026
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Arthur J. Gallagher CEO: Global Insurance Needs, Complex Risks Rise
Chief Executive Officer J. Patrick Gallagher Jr. said during a conference call. "Think about construction, infrastructure, energy and data centers as well as the growing need for ...
Source: BestWire   Date: October 30, 2026
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Ryan Specialty CEO: Third-Quarter Net Income Climbs 40.6% During 'Challenging' Market
Ryan Specialty Holdings Inc.'s third-quarter net income rose 40.6% to $88 million during one of the "most challenging markets we have ever seen," said Chief Executive Officer Tim ...
Source: BestWire   Date: October 30, 2026
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Erie CEO: Board Committee Reviewing Internal Candidates to Succeed Him
The combined ratio for direct business worsened to 104.4 from 101.6. NeCastro said higher catastrophe losses "brought some added pressure" and growth "remains challenging in a ...
Source: BestWire   Date: October 30, 2026
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WTW Chief: AI Agentic Process Triggers New Model for Benefits Delivery, Outsourcing
Propel is used for workflows within WTW. WTW is No. 4 in Best's Review's annual ranking of the world's top 20 insurance brokers with 2025 total revenue of $9.71 billion. (By Renée ...
Source: BestWire   Date: October 30, 2026
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Everest Re NWP Drops 20.9% in Third Quarter; CEO Sees More Signs of 'Irresponsible' Market
The combined ratio worsened 3.7 points to 107.1, which Williamson attributed to casualty reserve strengthening and higher catastrophe losses related to conflicts in the Middle ...
Source: BestWire   Date: October 29, 2026
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Hanover Third-Quarter Net Income Down After Catastrophe Losses Double
The combined ratio worsened 1.2 points to 92.3. A differentiated specialty business and strong personal lines and core commercial segments "continue to provide avenues for ...
Source: BestWire   Date: October 29, 2026
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Donegal CEO: Regional Insurer Finalizing AI Innovation to Compete Effectively
Executive Officer Kevin Burke. "We believe this approach will allow us to maintain a pace of technology innovation that will allow us to compete effectively," he said during a ...
Source: BestWire   Date: October 29, 2026
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Slide CEO Says Company Expects $50 Million in Pretax Hurricane Isaias Losses
Florida Panhandle near the boundary with Alabama. The latest first landfalling hurricane of a season on record left overall insured losses in the low- to-mid-single digit range, ...
Source: BestWire   Date: October 28, 2026
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Anthropic: Insurance Industry May Lack Capital, Expertise to Underwrite for AI-Related Catastrophe
Anthropic develops AI systems. Its large language models and artificial intelligence assistant Claude are in wide use. All Fortune 10, more than 50% of Fortune 500 and 30% of ...
Source: BestWire   Date: October 28, 2026
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Cincinnati Financial CEO: Slowing Industry Growth Is Normalization
Growth is slowing at Cincinnati Financial Corp., part of a national trend, President and Chief Executive Officer Steve Spray said during an earnings call. He characterized it as ...
Source: BestWire   Date: October 27, 2026
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CopperPoint Completes $84.3 Million, Cash Deal for General Indemnity
United Casualty and Surety Insurance Co. currently has a Best's Financial Strength Rating of A- (Excellent). (By Renée Kiriluk-Hill, senior associate editor, BestWire: ...
Source: BestWire   Date: October 26, 2026
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Slide Opens Door on Major Homeowners Market, Northeast Expansion
Slide Insurance Holdings Inc.'s latest expansion gives it a foothold in the Northeast and in one of the largest homeowners markets in the country, according to Chairman and Chief ...
Source: BestWire   Date: October 26, 2026
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Aon: Initial Claims Exceed 3,000 After Historic Flash Flood in Istanbul Region
Istanbul in at least 80 years, Aon said in a catastrophe report. Flooding in the city and region inundated houses, businesses and roads, said Aon. Ground and air transportation was ...
Source: BestWire   Date: October 26, 2026
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Everspan Agrees to Sell Shell Company Providence Washington to Marine MGA Falvey
Falvey Insurance Group. It said it has agreed to sell one of its five property/casualty companies, Providence Washington Insurance Co. It had acquired the company in 2021. "This ...
Source: BestWire   Date: October 23, 2026
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