It’s a Very Different World for P/C Insurance Underwriters, Says Guy Carpenter

Article 0 Comments Property/casualty insurers’ operating environment today is very different than just a few short years ago. Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance intermediary Guy Carpenter & Co. says in its 2018 Risk Benchmarks Research Report, which focuses on […]

Rising Homeowners Losses Hurt P/C Insurers in 2017: Fitch

Article 0 Comments Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however. In the three years prior to 2017, personal automobile insurance contributed largely to underwriting losses. It is showing some improvement now, but […]

How Bad Was P/C Insurers’ Underwriting Loss in 2017?

Article 2 Comments The U.S. property/casualty industry recorded a net underwriting loss of $23.5 billion for year-end 2017, according to preliminary results from A.M. Best. That was $18 billion bigger than the underwriting loss in 2016. The 2017 underwriting loss was mainly due to an estimated $52.9 billion paid out […]