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P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects

Triple-I: Homeowners Insurance

P&C insurance industry’s financial outcomes for 2024 revealed a net combined ratio (NCR) of 96.6, Conversely, workers compensation combined ratios continued to benefit from favorable PYD for the eighth consecutive year, indicating sustained underwriting profitability. demonstrating a substantial 5.1-point

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Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. The industry’s estimated net combined ratio of 99.4 The report was released during a members-only webinar on Oct.

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Cannabis Industry Prospects Brighten;Risks, Challenges Remain

Triple-I: Workers Compensation

Similar federal “safe harbor” legislation for the insurance industry – the Clarifying Law Around Insurance of Marijuana Act (CLAIM Act) – was introduced last month. Passage of the CLAIM Act would open the doors for more insurers and should bring the cost of insuring marijuana-related businesses much less expensive.

Risk 40
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Pandemic Fuels Growth in Captive Insurance

Triple-I: Workers Compensation

“With medical costs continuing to rise, the most significant dynamic in terms of any company controlling their workerscompensation costs and claims is ensuring that there are adequate tools in place to help mitigate medical costs for claimants under their workerscompensation,” said Dustin Partlow , senior vice president at Caitlin Morgan Insurance (..)

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Travel Insurance for Businesses

Bankers Insurance

Most insurance companies offer comprehensive policies for international employers in which K&R is only part of the package. This coverage provides workerscompensation benefits in the event of a work-related injury or illness. Additionally, the U.S.

Insured 52