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Showing 1 to 10 of 11 results

State Farm joins Google in pumping $1.65bn in ADT smart home security

North America, USA07-09-2022Insurance News, Reinsurance News

The deal takes it from its ‘repair and replace’ model to a ‘predict and prevent’ mindset.’

US personal auto falls behind inflation curve as pricing efforts lag

Global13-06-2022Insurance News, Reinsurance News

The spread between rate and loss costs is negative for the sixth straight month.

State Farm backs RenRe as Bermuda reinsurer seeks almost $1bn in fresh capital

Bermuda02-06-2020Insurance News, Reinsurance News

As one of the reinsurer's biggest shareholders, State Farm is backing the company and will purchase some $75m worth of shares.

PG&E not liable for Tubbs Fire say Cal Fire investigators

North America28-01-2019Insurance News

Energy supplier Pacific Gas & Electric Co (PG&E), which has been accused of starting several of the wildfires that decimated parts of California last year, has been cleared of causing the Tubbs Fire by the California Department of Forestry and Fire Protection (Cal Fire), which is responsible for determining the origin and cause and of wildfires.

Allstate, State Farm, USAA sue PG&E over California wildfire

North America07-01-2019Insurance News

US insurers Allstate, State Farm and USAA have launched lawsuits that could be worth billions against Pacific Gas & Electric (PG&E) alleging it is liable for the Camp Fire, California’s most destructive and costly wildfire to date.

State Farm, Farmers Insurance most exposed to California wildfires

North America19-11-2018Insurance News, Property cat, Reinsurance News

State Farm and Farmers Insurance Group of Companies have the highest wildfire exposure in California where the Camp Fire and the Woolsey Fire are set to cause significant losses for insurers and reinsurers.

State Farm underwriting losses widen to $6.5bn in 2017

North America02-03-2018Casualty, Insurance News, Property cat

The State Farm property/casualty (P&C) group of companies reported a combined underwriting loss of $6.5 billion in 2017 on earned premium of $63.9 billion, compared to an underwriting loss of $5.5 billion on earned premium of $61.7 billion in 2016.

State Farm, Allstate and Farmers lead list of potential Harvey losses

North America29-08-2017Insurance News, Property cat, Reinsurance News

Primary insurers will face the largest effect from Harvey, with regionally focused carriers most vulnerable given their geographic concentrations, Moody’s said in an Aug. 28 research note.

Cat bond coupon rates hit all-time low

North America01-05-2014Alternative Risk Transfer News

Cat bond issuance and sales hit a record high during the first quarter, but coupon rates declined precipitously.

ILS market reawakens to strong demand

North America19-03-2013Alternative Risk Transfer News

After a quiet start to the year, two new catastrophe bonds are being marketed that should take 2013 issuance to around $1 billion. Sources say investor appetite for these deals remains strong thanks to poor returns elsewhere in the financial markets while cedants remain appreciative of the diversity they offer.

Showing 1 to 10 of 11 results

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