S&P News

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Australia’s Insured Losses From Cyclone Alfred Could Top US$1.3 Billion: S&P

Mar 5 2025 // Australia’s largest property and casualty (P/C) insurers should be well placed to manage claims stemming from tropical cyclone Alfred, which could top A$2billion (US$1.3 billion), according to a report published by...

S&P Puts State Farm General on CreditWatch

Feb 26 2025 // Potential downgrades of State Farm’s California homeowners insurer came closer to reality yesterday when S&P Global Ratings put the “AA” financial strength and issuer credit ratings of State Farm...

S&P Reveals Top 50 Largest P/C Insurers

Oct 25 2024 // As the third-fastest growing company on a list of the world’s top 50 largest insurers, State Farm Mutual Automobile Insurance Co. continued to rank No. 1, according to research S&P Global Market...

State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P

Sep 26 2024 // State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis.The outlier result came even as...

Allstate, Nationwide Post Dramatic Q12024 Homeowners Loss Ratio Drops: S&P

Jun 28 2024 // In the topsy-turvy world of homeowners insurance, first-quarter loss ratios have been bouncing around for the last five years—from below 50 in 2020 to over 70 in 2021 and 2023, a new analysis shows.The S&P Global...