Canadian Underwriter

Keyword
personal auto

News CatastrophesCommercial LinesEarnings / RatingsInsurancePersonal Lines

Travelers reports combined ratio of 96% for Q1, net income of US$617 million

April 20, 2017 by Canadian Underwriter

The Travelers Companies, Inc. has reported a combined ratio of 96% for the first quarter of 2017, up 3.7 points from 92.3% in the first quarter of last year. Net income for the first quarter of 2017 ending March 31

News CatastrophesCommercial LinesInsurancePersonal Lines

Economical Insurance gross written premiums up 4.8% in Q4 2016 to $521.8 million

February 22, 2017 by Canadian Underwriter

Economical Insurance has reported that gross written premiums (GWP) for the fourth quarter of 2016 ending Dec. 31 grew by $23.8 million, or 4.8%, to $521.8 million from $498 million in Q4 2015. In particular, personal lines premiums grew by

News Commercial LinesEarnings / RatingsInsurancePersonal LinesReinsurance

A.M. Best projects combined ratio of 100.3% for U.S. industry in 2017

January 30, 2017 by Canadian Underwriter

The industry-wide combined ratio of the United States property & casualty insurance industry is estimated to have deteriorated by 2.4 points to 100.7% in 2016, A.M. Best Company Inc. said in a recent report. The decline in underwriting performance “was

News AssociationsCatastrophesInsurancePersonal Lines

First nine months of 2016 ‘disappointing’ for Canadian P&C industry: Intact president

January 25, 2017 Greg Meckbach, Associate Editor

Brokers should expect personal automobile insurance to be “much more difficult” for their carriers, while a new definition of catastrophic impairment in Ontario was the most important change the province made effective June, 2016, the president of Intact Insurance suggested

News Earnings / RatingsInsurancePersonal LinesTechnology

U.S. personal auto industry showing signs of weakening underwriting and operating ratios: A.M. Best

December 19, 2016 by Canadian Underwriter

The personal automobile insurance industry in the United States is exhibiting signs of weakening underwriting and operating results, mainly driven by rising loss ratios, according to a new A.M. Best special report. A.M. Best reached this conclusion in its report,

News Commercial LinesEarnings / RatingsInsurancePersonal Lines

U.S. personal lines stable, commercial lines remain negative in A.M. Best’s 2017 outlooks

December 14, 2016 by Canadian Underwriter

Ratings firm A.M. Best is maintaining a stable outlook for 2017 on the personal lines segment of the property and casualty industry in the United States, while also maintaining a negative outlook on commercial lines. The Oldwick, N.J.-based firm maintained

News Commercial LinesEarnings / RatingsInsurancePersonal Lines

Economical Insurance gross written premiums up 6.7% to $550 million in third quarter of 2016 from prior-year quarter

November 7, 2016 by Canadian Underwriter

Economical Insurance has reported that gross written premiums (GWP) were up by 6.7% to $550.3 million in the third quarter of 2016 ending Sept. 30 from $515.9 million in Q3 2015. In the first nine months of 2016, GWP were

News Commercial LinesEarnings / RatingsInsurancePersonal Lines

Personal auto premiums for Q3 up 5% for Intact, personal property premiums up by 8%

November 2, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) has reported that personal auto premiums for the third quarter of 2016 ending Sept. 30 grew by 5%, while personal property premiums grew by 8% from the prior-year quarter. IFC said in its financial results released

News CatastrophesCommercial LinesEarnings / RatingsInsurancePersonal Lines

Intact reports $127 million loss from Fort McMurray wildfire, combined ratio up to 99.2% in Q2

July 27, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) reported a $127 million impact in its second quarter financial results from the Fort McMurray wildfire, bringing its combined ratio to 99.2% for the quarter, including 8.8. points of Fort McMurray catastrophe losses. “We delivered $114

News Commercial LinesEarnings / RatingsInsurancePersonal Lines

Economical Insurance combined ratio down 4.6 points in first quarter of 2016

May 10, 2016 by Canadian Underwriter

Economical Insurance has reported a combined ratio of 101.1% in the first quarter of 2016 ending March 31, down 4.6 percentage points from the Q1 2015 combined ratio of 105.7%. Waterloo, Ont.-based Economical Insurance’s gross written premiums were up by

News Commercial LinesEarnings / RatingsInsurancePersonal Lines

Intact reports 0.9 percentage point drop in combined ratio in first quarter of 2016

May 4, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) has reported a 0.9 percentage point drop in its combined ratio for the first quarter of 2016 compared to the same quarter in 2015, led by property lines and improving personal auto results. Toronto-headquartered IFC, the