Remove Casualty Insurance Remove Claim Remove Insurance Industry
article thumbnail

Viewpoint: How Will the California FAIR Plan Fare, and What’s Next for Independent Agents?

Insurance Journal

If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history, it is that both the property/casualty insurance industry and the independent agents who serve as its personal point of contact …

article thumbnail

Workers Comp Premium, Loss, Market Trends Support Its Ongoing Success

Triple-I: Workers Compensation

By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief. A combined ratio under 100 indicates a profit. A ratio above 100 indicates a loss.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

BRIC Funding Loss Underscores Needfor Collective Actionon Climate Resilience

Triple-I: Homeowners Insurance

Others for example, improved building and zoning codes that could help reduce losses and improve insurance affordability have met persistent local resistance. Triple-I, its members, and partners are involved in several of these efforts, which well be reporting on here as they progress.

article thumbnail

JIF 2025: U.S. Policy Changes and Uncertainty Imperil Insurance Affordability

Triple-I: Workers Compensation

policy actions was a major concern for thought leaders on the “Economics, Underwriting, and Geopolitics” panel at Triple-I’s Joint Industry Forum in Chicago. P/C replacement costs will likely rise throughout the industry, leading to higher claim payouts and, consequently, premium rates. alone, according to the U.S.

article thumbnail

Are Home Insurance Consumers Being Duped?

Property Insurance Coverage Law

Note: This guest blog is by Frank Lombard, CPCU, ARM, an independent property/casualty insurance advisor. Not a day passes without reading something about double-digit increases in the cost of home insurance. The insurance industry claims the increases are a result of inflation, climate change, and consumers filing more claims.

article thumbnail

Just 3 weeks to go for the 2023 Mansfield Awards for Claims Excellence

Prof. Allan Manning

This event would not be possible without the generous support of our sponsors Steadfast Claims Services and icare. The function starts at 6pm, with the awards portion running for approximately 1 hour, during which 6 awards will be presented. The event is a not for profit one with all proceeds going to the Amal Mulia Orphanage.

article thumbnail

Please help make this year’s Mansfield Awards the best ever!

Prof. Allan Manning

The 2024 Mansfield Awards for Claims Excellence are just over 3 months away and we could really do with your help with ensuring the best of the best win. If you have had a claim yourself or are an adviser who has had a client or clients have a claim, we would really appreciate your taking a few minutes to rate the claims service.