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Superstorm Sandy, a decrease in favorable prior-year development and non-catastrophe losses and resulted in a net loss of $9 million for the 2012 fourth-quarter at CNA Financial Corp.
P&C insurers are beginning to understand the need to drive rate increases stepping away from the industrys soft-market trends of recent years, says XLs CEO Mike McGavick.
The Northeast from Maine to Virginia, as far west as the Great Lakes, is prepping for a winter mix of snow, ice and rain with high winds, blizzard concerns and dangerous traveling conditions.
Three Bermuda-based reinsurersEverest Re, RenaissanceRe and PartnerReposted positive fourth- quarter and year- end results despite losses from Superstorm Sandy.
Three Bermuda-based reinsurersEverest Re, RenaissanceRe and PartnerReposted positive fourth- quarter and year- end results despite losses from Superstorm Sandy.
The Hanover posted a fourth-quarter net loss of $55 million primarily due to the impact of Superstorm Sandy, while two other regional insurersCincinnati Financial and Selectivemanaged more positive results.
The Hanover posted a fourth-quarter net loss of $55 million primarily due to the impact of Superstorm Sandy, while two other regional insurersCincinnati Financial and Selectivemanaged more positive results.
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