Trending News & Highlights |
| The U.S. commercial automobile insurance market outlook remains negative due to loss cost trends that continue to inhibit profitability, according to research discussed by AM Best Associate Director David Blades and Senior Industry Research Analyst Chris Graham.
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| American International Group Inc. used a mix of growth and pricing discipline to increase its net income for the third quarter, its president and chief executive officer said. He used the company's involvement in artificial intelligence data centers to illustrate his point.
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| A very small number of Progressive policyholders may be experimenting with agentic artificial intelligence, according to Progressive Corp. President and Chief Executive Officer Tricia Griffith.
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| Allstate Corp. is already essentially marketing to machines and will soon launch its own AI personal agentic assistant, Chair, President and Chief Executive Officer Tom Wilson said during an earnings conference call.
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| MetLife inc.'s third-quarter net income available to shareholders of $2.35 billion was up threefold, compared with a year earlier, as the company reported higher variable investment income and growth across segments.
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| Swiss Re Ltd. sees competitive pressure in its commercial insurance and property/casualty reinsurance segments, while the life/health reinsurance segment looks to grow with strong U.S. mortality results, its chief executive officer said.
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| Cigna Group expects to see a $200 million in overhead and runoff costs in 2027 tied to the planned exit of Affordable Care Act market.
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| WTW is launching new products aided by its accelerated AI plan called Propel, according to Chief Executive Officer and Director Carl Hess during an earnings conference call.
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| Arthur J. Gallagher & Co.'s third-quarter reported net earnings climbed to $406 million from $273 million in the prior-year period.
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| Scor SE saw net income dip 4.8% to €206 million ($230 million) as it said it would unveil a new strategic plan Dec. 3.
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| 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 Turner.
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| Hamilton Insurance Group Ltd.'s third-quarter net attributable income dropped to $81.5 million from $136.2 million in the prior-year period on a dramatic drop in underwriting income.
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| CNA Financial third-quarter net income dropped to $196 million from $403 million in the prior-year quarter, as catastrophe losses rose and the company incurred a $137 million unfavorable after-tax impact in the wake of its annual long-term care reserve review.
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| Prudential Financial Inc. reported a drop in net attributable income to $1.39 billion from $1.43 billion in the same period a year earlier as it suspended sales in Japan and trimmed its geographical footprint.
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| Corebridge Financial Inc. reported third-quarter net income available to shareholders of $1.44 billion, compared with $144 million a year earlier, as the carrier's planned merger with Equitable Holdings Inc. loomed.
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| Hiscox Ltd. reaffirmed its 2026 profit and loss outlook of $75 million as insurance contract written premiums for the first nine months increased to $4.44 billion from $4.05 billion the year prior.
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| Hagerty Inc. third-quarter net income declined 21.4% to $36.3 million.
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| Lancashire Holdings Ltd. continues to build out its U.S. business as competition constrains property lines in a market its chief executive officer said is mostly stable.
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| Consumers are paying more for electronic devices and keeping them longer, increasing demand for Assurant Inc.'s Connected Living services, Chief Financial Officer Keith Meier said during an earnings conference call.
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| Genworth Financial inc. posted a net income loss of $41 million in the third quarter, driven by a $146 million loss in its closed block line of business.
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| Manulife Financial Corp. third-quarter net income attributed to shareholders fell 22% to C$1.42 billion ($1.02 billion).
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| Liberty Mutual Holding Co. Inc.'s third-quarter attributable net income declined 7% to $2.07 billion as net written premium dropped 5.6% in U.S. retail markets while catastrophe losses multiplied five-fold.
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| California, Kansas, Georgia and Oklahoma will see new insurance commissioners take the reins of their insurance departments, according to projected results from the Nov. 3 elections.
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| CVS Health Corp. is separating its pharmacy and care businesses from the company’s healthcare benefits, pharmacy services and care delivery offerings.
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| Genworth Financial Inc. said Tom McInerney has notified the board of directors of his decision to retire as president and chief executive officer and step down from Genworth’s board of directors, effective Dec. 31, 2026.
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| Protective Life Corp. has completed its acquisition of Obsidian Insurance Holdings Inc., a property/casualty managing general agent platform.
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| Kemper Corp. subsidiary Infinity Auto will return $46 million of excess automobile insurance profits in Florida to policyholders and Insurance Commissioner Mike Yaworsky anticipates more carriers to follow.
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| An official with the National Association of Insurance Commissioners said the investment strategies of some life insurers may prove unsound, and the agency should consider stronger capital requirements for some reinsurance transactions.
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| The Colorado Division of Insurance returned $15.8 million to policyholders in the state following review of 6,937 complaints and inquiries processed between July 2025 and June 2026.
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| The Florida Office of Insurance Regulations approved a “large batch” of home insurance requests to decrease or keep rates unchanged for new and renewing policies.
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| Insurance departments in Oklahoma and Connecticut approved average workers’ compensation loss costs declines of 4.8% and 4.9%, respectively, and lower premiums will follow, the regulators said.
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Research |
Given the disproportionate number of homes with federal or private flood insurance in Florida, a significant number of them may not be covered against or underinsured against flood-related losses following several rounds of torrential storms across the state, according to an AM Best commentary.
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Positive signs have emerged for U.S. commercial auto insurers as underwriting performance metrics have reached their most favorable level in the past decades, excluding COVID-impacted years, according to a new AM Best report.
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Security flaws in the PHP programming language, used by a majority of websites globally, highlight the potential of a systemic risk scenario and risk aggregation that has long-worried cyber insurers and resulted in a reluctance to increase their risk appetites aggressively, according to a new AM Best commentary.
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