Insurance Journal

JULY 25, 2024

Executives of two property/casualty insurance organizations—Kinsale Insurance and the U.S. P/C operations of Arch Capital—shared their recipes for success with an analyst who crowned their companies as performance leaders during a recent industry webinar. The short takes: We don’t outsource …

Underwriting

Insurance Journal

OCTOBER 10, 2024

property/casualty insurers, affecting underwriting margins and earnings. Insurers And … S&P Global Ratings said potential losses from Hurricane Milton could fully deplete the 2024 natural catastrophe budgets for rated U.S. In a report titled “Hurricane Milton: The Implications For Rated U.S.

Casualty Insurance

Insurance Journal

JULY 15, 2024

Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insurance Information Institute (Triple-I) …

Premium

Insurance Journal

JULY 14, 2024

property/casualty insurers posted a net combined ratio of 94 — the best since first-quarter 2007. By Susanne Sclafane Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. Translating to …

Casualty Insurance

Insurance Journal

JULY 14, 2024

The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting actions, commercial auto has generated a statutory combined ratio above 100 in 12 of the …

Auto Insurance

Insurance Journal

MARCH 25, 2025

Armchair analysts prognosticating the impending collapse of property & casualty insurance companies were proven wrong by recently released 2024 financial performance results. The overall industry’s underwriting results were profitable. The 2024 combined ratio losses and expenses divided by premium, …

Casualty Insurance

Insurance Journal

MARCH 21, 2025

property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …

Insurance Industry

Insurance Journal

APRIL 6, 2025

property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …

Insurance Industry

Triple-I: Homeowners Insurance

OCTOBER 10, 2024

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. Much of the overall underwriting gain was due to growth in personal lines net premiums written. represented a 2.3-points

Commercial

Redbird Agents

NOVEMBER 15, 2024

Filling senior-level roles in the insurance industry requires more than just sourcing resumes—it demands precision, industry knowledge, and a focus on long-term success. That’s where partnering with an insurance executive search firm comes into play.

Insurance

Triple-I: Business Insurance

AUGUST 11, 2022

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. for 2022, up 1.2

Underwriting

Agency Revolution

AUGUST 21, 2024

Dan brings over 25 years of extensive experience and leadership expertise within the Property and Casualty insurance sector. Prior to joining Agency Revolution, Dan spent 20 years at Nationwide where he served in management roles for commercial underwriting, loss control, sales automation and technology, and business architecture.

Broker-Agent

The Property Insurance Law Observer

AUGUST 22, 2024

Accordingly, the Court held the language to be ambiguous and found in the insured’s favor. Underwriters at Lloyd’s, London , 2012 WL 2020168 (D. Hartford Casualty Insurance Co. , In doing so, it looked to other jurisdictions where courts analyzed nearly identical policy language and determined them to be ambiguous.

Building

Triple-I: Workers Compensation

FEBRUARY 10, 2022

As part of its mission to foster a healthy workers compensation system, NCCI gathers data, analyzes industry trends, and provides objective insurance rate and loss cost recommendations. Even with rates falling, he said, the line has seen “seven years of underwriting gains and favorable combined ratios.”

Workers Comp

Neilson Marketing Services

OCTOBER 23, 2024

Whether refining your underwriting approach or improving your marketing efforts, having this data at your fingertips helps optimize every aspect of your strategy. Conclusion In an industry as fragmented and fast-moving as property and casualty insurance, connecting with the right independent agencies is crucial.

Broker-Agent

Triple-I: Homeowners Insurance

MAY 8, 2024

Legislative reforms put in place in 2022 and early 2023 to address legal system abuse and assignment-of-benefits claim fraud in Florida are beginning to help the state’s property/casualty insurance market recover from its crisis of recent years, according to a new Triple-I Issues Brief.

Premium

Agency Revolution

AUGUST 21, 2024

Dan brings over 25 years of extensive experience and leadership expertise within the Property and Casualty insurance sector. Prior to joining Agency Revolution, Dan spent 20 years at Nationwide where he served in management roles for commercial underwriting, loss control, sales automation and technology, and business architecture.

Broker-Agent

Bankers Insurance

JULY 22, 2024

based property and casualty insurance company with more than $10 billion in GAAP assets, Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of over 1,000 leading independent agents and brokers. Today, more than 175 years later, as a leading U.S.-based

Broker-Agent

Agency MVP

DECEMBER 20, 2021

If you are looking to take advantage of this new trend by selling property and casualty insurance from your own home, there are certainly many avenues available to you. No matter what is going on globally, there is always a need for many people to shore up their own insurance needs. Working from home is cost-effective.

Insurance

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

They also rank among the least affordable places for auto and homeowners’ insurance by the Insurance Research Council – an affiliate of The Institutes , like Triple-I. But as the state’s bodily injury claims climb well over the national average, more reform is needed to return insurance profitability to the state.

Out-Of-Pocket

Triple-I: Workers Compensation

MARCH 21, 2023

Group captives can provide a viable way to protect companies across several lines of casualty insurance. “Given that members’ premiums are derived from their own loss history, this is yet another way that they are able to lower their premiums, proactively managing and controlling the losses that do occur,” the Triple-I report mentions.

Workers Compensation

Majesco

FEBRUARY 22, 2024

Innovation includes exciting forward-facing technologies and creative day-to-day operation models, like underwriting transformation, that enable the company to move in new directions. They point to the fact that innovation needs to focus on both today’s operations while creating tomorrow’s – which will likely be very different. with $85.5B

Insurance

Majesco

APRIL 11, 2024

If we don’t get down to addressing the loss ratio — underwriting, pricing, risk selection, and claims management — for many carriers, even if they cut costs by 100%, they’re still not going to be profitable. This isn’t just because of the size of their expense ratio. Here is a positive trend, for example.

Commercial Property

Insurance Journal

APRIL 30, 2025

Some property/casualty insurers talk about experimenting with artificial intelligence to automate call center responses and back-office operations. But that’s not the road to turbocharging growth that AIG CEO Peter Zaffino envisions for his company. AIG is all-in on AI that …

Underwriting

Majesco

JANUARY 23, 2025

Traditional insurers find greater flexibility and choice in partnering with managing general agents, rather than establishing their own dedicated insurance operations for niche business segments. and 17% percent in 2021, demonstrating the importance of MGAs in the insurance market. [ii] times difference.

Insurance