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Through the first half of 2023, private workers' comp carriers had a 47% combined direct loss ratio.

The contractor underreported payroll by nearly $1 million to lower his workers' comp premium.

Incorrect roof age data is a significant concern for P&C insurers, costing $1.3 billion per year in premium leakage, according to CBIZ.

The sector's gross written premiums have been growing by 20%-30% annually since 2020.

Estimates from the NHTSA also showed that traffic deaths of people ages 15 to 24 increased 6% in the first half of 2023 compared to the same period in 2022.

Workers' compensation and auto theft are the most common fraudulent P&C claims, says CAIF.

The average cost of insuring a U.S. home last year was $1,905 — 50% higher than 2019.

State Farm currently holds around 8.7% of all home insurance policies in California.