Selective Insurance Group, Inc. reports developments in property and casualty insurance through a holding-company structure that includes 10 insurance subsidiaries. The companies distribute standard commercial and personal insurance through independent agents, write specialty commercial insurance, and offer flood insurance through the National Flood Insurance Program's Write Your Own Program.
Recurring SIGI news centers on quarterly operating results, net premiums written, renewal pricing, retention, combined ratios, catastrophe losses, reserve development, ROE, book value, dividends and share repurchases. Updates also include AM Best credit-rating actions, executive and board changes, investor conference presentations, and strategy across Standard Commercial Lines, Standard Personal Lines, Excess and Surplus Lines and Investments.
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Selective Insurance has released findings from a poll that reveals significant distractions drivers experience when traveling with dogs. Conducted by The Harris Poll, the study indicates that 45% of drivers in the West admit to reckless driving behaviors influenced by their dogs, the highest percentage across the U.S. Notably, 94% of licensed dog owners in this region have traveled with their pets in the past year, with 71% doing so weekly. Alarmingly, 23% of Western drivers report a lack of awareness of their surroundings while driving with their dogs, and 13% acknowledge being involved in accidents due to this distraction. In response, Selective Insurance provided 1,000 complimentary dog seatbelts to promote safety. The survey included data from 2,044 U.S. adults, focusing on those who have driven with dogs in the last 12 months.
Selective Insurance Group, Inc. (NASDAQ: SIGI) will announce its first quarter 2023 financial results on May 3, 2023, after market close. The financial details will be available on the Investors page of Selective's website. A conference call to discuss these results is scheduled for May 4, 2023, at 10:00 a.m. ET, which will be webcast live on Selective's website. A replay will be accessible from May 4 to June 2, 2023.
Selective Insurance is a holding company for 10 property and casualty insurance companies, all rated "A+" (Superior) by AM Best. They provide standard and specialty insurance products for commercial and personal risks, including flood insurance through the National Flood Insurance Program.
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On February 27, 2023, Selective Insurance announced the winner of its 2023 College Competition, held at the University of North Carolina at Charlotte, where students gained practical experience in simulated insurance operations. Indiana State University and Illinois State University secured second and third places, respectively. The competition, which aims to prepare the next generation of insurance professionals, provides monetary donations to the chapters of Gamma Iota Sigma for the top three teams. Selective, a leading provider of property and casualty insurance, is recognized for its commitment to fostering talent within the insurance industry.
Selective Insurance highlights the significance of Insurance Careers Month on February 22, 2023, emphasizing the industry's role in societal recovery and the vast career opportunities it presents. The informal survey shows 42% of employees joined without prior experience, indicating a diverse workforce. Key benefits of working in insurance include:
- Diverse Roles: Offers a range of positions beyond traditional roles.
- Professional Development: 96% prioritize skill development, with training and mentorship available.
- A Sense of Purpose: Employees aid communities by ensuring valuable assets are protected.
Selective is recognized as a top employer and has an A+ rating from AM Best.