Most-read stories for the week include stories on Progressive outgrowing GEICO in most U.S. states in 2018 and Munich Re's claims bill from the March 10 Ethiopian Airlines crash.
Progressive outgrew GEICO in most states in 2018
Progressive Corp.'s private-passenger auto business expanded at a faster pace than that of Berkshire Hathaway Inc.'s GEICO Corp. in 38 U.S. states and the District of Columbia in 2018 as the company surged forward in both the independent agency and direct channels.
AIG reverses recent trend, releases commercial auto reserves in 2018
American International Group Inc. reported a $27 million favorable one-year loss reserve development in commercial auto liability lines for 2018, marking a small step in the right direction for that business line following recent woes.
European insurer failures poised to slow as new regime beds in, regulator says
Insurance company failures in Europe should now start to slow down as the Solvency II capital regime beds in, according to Gibraltar Financial Services Commission CEO Samantha Barrass.
Munich Re facing claims bill of up to €120M from Ethiopian Airlines crash
Munich Re Co. estimates that it will have a claims bill of between €100 million and €120 million from the March 10 Ethiopian Airlines crash, one of the reinsurer's top executives told journalists March 20.
Possible Wells Fargo deal could extend Principal's reach in 401(k) market
Principal Financial Group Inc. may be nearing one of its largest acquisitions ever as it ramps up the hunt for scale in the retirement plan marketplace.