US insurance giant Allstate posted a surprisingly large second quarter operating profit of $510mn, more than double its earnings for the same period a year earlier, despite almost $1bn in catastrophe losses.
James River Group matched analysts’ forecasts for the second quarter as it posted an operating profit of $14.9mn, or $0.49 per share, despite taking a modest reserve charge.
The US National Hurricane Center (NHC) downgraded Tropical Storm Emily to a depression that it expects will generate rainfall of between 1 and 2 inches (51mm).
The US National Hurricane Center (NHC) downgraded Tropical Storm Emily to a depression that it expects will generate rainfall of between 1 and 2 inches (51mm).
Universal Insurance Holdings’ net income slimmed to $29.4mn in the second quarter on a premium base that swelled 8.9 percent partly driven by the insurer’s crusade beyond its Florida heartland.
