The most-read stories for the week include an in-depth look at Horace Mann's pending acquisition of a health insurer and a rundown on which insurers are taking the biggest losses from the California wildfires.
Price tag not as high as it appears in insurer's $405M supplemental health deal
Horace Mann Educators Corp. is still paying a relative valuation above the historical life-and-health median for high-margin supplemental health insurer National Teachers Associates Life Insurance Co., but the deal is not the priciest among all recent comparable transactions.
Pressure rising on SEC to standardize ESG disclosures
Environmental, social and governance disclosures are becoming more and more common for public companies, but a lack of consistency in those disclosures is giving investors a headache, executives said at an SEC meeting.
CEO pay ratio of limited value — for now
In 2018, U.S. companies began disclosing the compensation of what they identify as a "median" employee and telling investors how that stacks up to the top executive's pay. This CEO pay ratio varies wildly from company to company, making initial comparisons difficult even within similar industries. However, as data points accumulate over time, observers say the disclosures will become increasingly valuable.
Farmers, Allstate to bear big chunks of California wildfire losses
The U.S. property and casualty insurance industry faces a second consecutive year of wildfire losses in excess of $10 billion, with Farmers Insurance Group of Cos. so far set to run up the biggest share of the bill.
US LTC insurers likely to converge around removal of 'key' morbidity assumption
Prudential Financial Inc. and CNA Financial Corp. removed the morbidity improvement assumption from their long-term care reserving, in the second and third quarters, respectively. Their actions could have major ramifications for the rest of the industry.