A.M. Best says the P&C industry could see its first yearly underwriting profit since 2009, but commercial lines underwriting results saw some deterioration in the third quarter, and the ratings agency reiterated concerns about the industry's reserve position.
This past year saw the industry faced with issues both new and old. Some events were noteworthy for their general news impact, others for their direct influence on the property and casualty industry, and still others for the massive amount of interest they generated among PC360's readership.
This past year saw the industry faced with issues both new and old. Some events were noteworthy for their general news impact, others for their direct influence on the property and casualty industry, and still others for the massive amount of interest they generated among PC360's readership.
Profitability in the private U.S. property and casualty market rose sharply in the third quarter, and I.I.I. President Robert Hartwig says the industry on a firm trajectory for what will assuredly be its best year in the post-crisis era.
Profitability in the private U.S. property and casualty market rose sharply in the third quarter, and I.I.I. President Robert Hartwig says the industry on a firm trajectory for what will assuredly be its best year in the post-crisis era.
The bipartisan budget deal heading to the House may indirectly improve the U.S. insurance landscape, according to Robert Hartwig, president of the Insurance Information Institute.
The debate continues over a controversial Consumer Federation of America report released last month holding that only through Californias Proposition 103 has the state managed to control the cost of auto insuranceimplying that in most other states, oversight of auto insurance is lax, and rates are therefore too high.