Among the characteristics that make the insurance business the granddaddy of financial services: Insurers are keen to the evolving needs of their clients and the way an ever-changing world impacts their business. Here, property and casualty insurance professionals will find valuable news and information for their specialty market clients.
State Auto Financial Corporation will see a dramatic drop in third-quarter catastrophe losses, but the insurer says it must increase reserves for prior periods due to adverse claims development in a commercial auto trucking program that the company canceled as April 1, 2012.
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