NU Online News Service, July 19, 11:20 a.m.EDT
While insurers have achieved steady rate increases in personallines, more needs to be done to contend with weather-related lossesin the homeowners line and high-severity losses in personal auto,according to a Travelers executive.
Commenting in a statement accompanying the insurer'ssecond-quarter results, Brian MacLean, the company's president andchief operating officer, says, “In personal insurance, we are verypleased with the pricing gains in the quarter.” But, he adds,losses and loss trends “remain at levels that necessitate furtheraction.”
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
