Report income and household changes to the Marketplace as they happen

Report income and household changes to the Marketplace as they happen

If you’re enrolled in a Marketplace subscription and your income or household changes, please update your application as soon as possible. These changes may affect the coverage or savings you are eligible for. If you don’t report them, you could be eligible for more savings than you’re getting now, or you’ll have to pay back when you file 2021 taxes next year.

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Progressive blow from sharp drop

Progressive blow from sharp drop

The Progressive Corporation saw a 56% year-over-year decline in net income in the second quarter (Q2) of 2021, despite a double-digit increase in both net written premiums and net earned premiums for the three months ended June 30. Progressive reported total net income in the quarter of $790.1 million, down from $1,790.4 million in the … Read more

Hudson Structured invests in CAPE Analytics

Hudson Structured invests in CAPE Analytics

Hudson Structured Capital Management Ltd., which operates its insurance and reinsurance business as HSCM Bermuda, participated in a $44 million capital increase for CAPE Analytics, a technology company that offers structured real estate and geospatial data and analytics.CAPE Analytics has products specifically designed for those who provide reinsurance capability, so relevant to reinsurers and insurance-related … Read more

Allstate Announces Catastrophe Losses in June 2021 and Second Quarter 2021

Allstate Announces Catastrophe Losses in June 2021 and Second Quarter 2021

NORTHBROOK, Illinois, July 15, 2021 – The Allstate Corporation (NYSE: ALL) today announced estimated June catastrophe losses of $195 million or $154 million, after tax. Catastrophe losses for the second quarter were $752 million, after tax. The June catastrophe losses included 11 events with an estimated cost of $178 million plus adverse prior-period reserve estimates. … Read more

Must-know tips to protect yourself and your family during hurricanes

Must-know tips to protect yourself and your family during hurricanes

It’s hurricane season again in North Carolina. That means we’re all getting ready to follow the storm tracks, clear grocery store shelves, and take steps to protect ourselves and our families. Researchers are predicting a particularly active hurricane season in North Carolina in 2021. So it’s all the more important to be prepared. Don’t wait … Read more

Enstar buys Hillhouse’s stake in itself and in Enhanzed Re. back

Enstar buys Hillhouse’s stake in itself and in Enhanzed Re.  back

Bermuda-based reinsurance, run-off and legacy specialist Enstar Group has repurchased its shares and an interest in its joint venture reinsurer, Enhanzed Reinsurance Ltd. (Enhanzed Re), which were owned by investment manager Hillhouse Capital Management.Enstar said it has agreed with Hillhouse to repurchase 3,749,400 common shares of Enstar for $234.52 per share, totaling $879.3 million, which … Read more

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