Editors' picks for the week include looks at the insured losses from recent California fires and relatively modest rate increases for Affordable Care Act-compliant health plans.
Insurance deal target received rare 'excessive' reserve opinion prior to sale
Potential loss reserve deficiencies rank among the most prominent real and perceived risk factors to M&A transactions in the property and casualty industry. But the target of one recently completed deal seems to have had the opposite problem.
Insured losses from Calif. fires at $845M, number expected to grow
California Insurance Commissioner Dave Jones on Sept. 6 said that, thus far, claims related to the Mendocino Complex and Carr fires have been filed for 8,891 homes, 329 businesses and 805 automobiles for a combined total of $845 million in insured losses.
ACA market shows signs of stabilizing with benign rate increases for '19
Health insurers may finally be experiencing something that has eluded them every year since the Affordable Care Act was implemented — stability.
Esurance brand gets 'surprisingly painless' refresh amid a return to growth mode
A long-awaited return to growth in auto policy count and new applications preceded the Allstate Corp. subsidiary's introduction of an advertising campaign that emphasizes the ease of doing business with the direct-to-consumer writer.
New Lloyd's CEO must plug gaps in top team, rein in costs
New Lloyd's of London CEO John Neal will need to plug gaps in the market's management team, tackle electronic trading and get to work on the market's high expense base when he takes over from Inga Beale on Oct. 15.