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Reinsurance
By Sam · 6 min read · Oct 14
Isaias Lands as 2026's First Hurricane and Reinsurers Hold January 1
Hurricane Isaias hit near Destin at 105 mph with insured losses put at $4B to $6B by BMS, yet Gallagher Re says January 1 renewals will not move. OIR carrier exposure data shows why the loss stays with cedents.
By Sam · 6 min read · Oct 14
Reinsurance
Hannover Re Asks 2.7x Expected Loss for Kaiser's Workers' Comp Quake Bond as Cat Bond Spreads Fall 9.5%
Acorn Re 2026-1 seeks $200M of parametric earthquake cover for Kaiser Permanente's workers' comp captive at a 2.00% to 2.25% spread, a 2.7x multiple, while market cat bond spreads fell 9.5% in September.
Social InflationArkansas Court Orders Walmart's Insurers to Defend 2,400 Opioid Suits, Splitting From Delaware on Bodily Injury
Arkansas's Court of Appeals held Walmart's CGL and excess insurers must defend more than 2,400 opioid suits, reading 'damages because of bodily injury' to reach government and hospital claims Delaware excluded.
P&C InsuranceTriple-I and CAS Put Excess Auto Tort Litigation at $43.84B. Their Two Methods Split Threefold.
Triple-I and CAS put excess motor vehicle tort litigation at $43.84B for 2015 to 2024, 3.4% of auto liability loss and DCC, but the two methods behind the state figure split threefold: 106,100 filings against 35,800.
ReinsuranceNAIC Working Group Rules Recapture Odds Out of Its Charge on $135 Billion of Offshore Life Reserves
The Life RBC Working Group's October 6 packet puts recapture probability outside its remit, so the new charge on $135 billion ceded to non-reciprocal jurisdictions turns on which collateral benchmark it adopts.
ReinsurancePacific Life Re Takes $3 Billion of American National's Pension Longevity Before RBC Can Charge for It
Pacific Life Re's $3 billion longevity treaty with American National lands in a Life RBC line the NAIC set to zero for 2026, while the charge on the cedent's PRT reserves has no rule for longevity it cedes.
ReinsuranceHartford Takes $1.12B From Berkshire to End Its Asbestos Cover
Berkshire's National Indemnity suspended payments on Hartford's 2016 asbestos cover, then paid $1.12 billion to end it. Hartford's $497 million gain is a deferred-gain release that masks a cut-price settlement.
ReinsuranceHurricane Polo Hit 892mb and Paid Mexico's Cat Bond Nothing
Hurricane Polo reached 892mb, 45mb below the 937mb trigger of Mexico's $175m IBRD Pacific cat bond, then crossed the zone line at 965mb and paid nothing. The miss prices against a 4.09% expected loss and a 12% margin.
P&C InsuranceMeta's Muse Puts a Price on Renewal Inertia in Personal Lines
Meta's Muse agent pulls auto and home quotes for its user at every renewal. What that does to retention assumptions, new business pricing and quote costs, with the UK price-walking ban as the closest precedent.
On the Wire
- ACA subsidies halted for 189,000 enrollees in duplicate coverageInsurance Business · 2h ago
- The A&E claims market has entered a new normal and brokers need to adjustInsurance Business · 2h ago
- AI can’t fix messy specialty insurance data, says Accelerant execInsurance Business · 2h ago
- Six Flags Closes 10 Rides After Fatal Roller Coaster AccidentCarrier Management · 3h ago
- San Diego PD Considers Using AI to Write Police ReportsCarrier Management · 3h ago
- ‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than ExpectedClaims Journal · 3h ago
- Ga. Commissioner’s Office Investigating as Six Flags Closes 10 Rides After FatalityInsurance Journal · 3h ago
- Apple, OpenAI Head to Court in High-Stakes AI Trade Secret FightClaims Journal · 3h ago
- Illinois Launches Cover Crop Insurance Savings Program for 2027Insurance Journal · 3h ago
- Insured flood losses approach $327MBusiness Insurance · 3h ago
- Mounting AI risks put banks under regulatory scrutinyBusiness Insurance · 3h ago
- US Commercial Construction Growth Slows as A.I. Data Centers Drive MarketRisk & Insurance · 5h ago
- Workers’ Compensation Profits Hold Steady but Reserve Cushion Shows CracksRisk & Insurance · 5h ago
- California power shutoffs expose business interruption gap for brokersInsurance Business Magazine · 9h ago
- US cybercrime losses hit $21bn as SMB coverage gap persistsInsurance Business Magazine · 12h ago
Earnings Pulse Latest P&C carrier filings · Q2 2026
All filings →
Q2 2026
16 carriers have reported. Median combined ratio 90.8, with 11 of 16 improving vs. PY and all 16 underwriting below 100.
Travelers
83.6CR
6.7pt vs PY
Q2 2026
Chubb
83.9CR
6.5pt vs PY
Q2 2026
AIG
89.0CR
0.3pt vs PY
Q2 2026
Allstate
86.6CR
4.5pt vs PY
Q2 2026
Hartford
94.2CR
2.6pt vs PY
Q2 2026 · Business Insurance
Progressive
87.3CR
1.1pt vs PY
Q2 2026
Cincinnati
98.2CR
5.6pt vs PY
Q2 2026
W. R. Berkley
90.0CR
1.6pt vs PY
Q2 2026
Combined ratios as reported in each carrier's most recent 10-Q. Segment-level and derived figures are labeled on the card. Lower is better; ▼ marks improvement vs. the prior-year period. Latest filing August 7, 2026.
Cat Watch Active perils & recent federal declarations
NHC & FEMA →Monitoring
Simon
Declared
Hurricane Isaias
Oct 9
Declared
100
Designated areas
Declared
Hurricane Lowell
Oct 7
Declared
2
Designated areas
Declared
Severe Storms And Flooding
Oct 7
Declared
4
Designated areas
Declared
Severe Storm And Straight-Line Winds
Oct 7
Declared
4
Designated areas
CAS Radar Casualty Actuarial Society research & announcements
CAS.org →Oct 8
Update
Triple-I/CAS Analysis Finds Motor Vehicle Tort Filings Reach 30-Year High
CAS
Oct 6
Exams
CAS Announces 2027 Exam Schedule
CAS
Oct 2
Webinar
Call For Presentations - CAS Webinar Working Group
CAS
Sep 24
Update
Career Changers – Applications Open for the Elizabeth M. Mauro Reimbursement Program
CAS
Sep 18
Research
New CAS Monograph Call Explores Alternative Capital and Reinsurance Markets
CAS
Sep 17
Research
CAS Seeks Monograph Proposals on Survival Modeling for P&C Insurance
CAS