loss ratio News

P/C Insurers Report $4.7B Net Underwriting Loss in 2016

Private U.S. property/casualty insurers suffered a $4.7 billion net underwriting loss in 2016-following an $8.9 billion net underwriting gain in 2015-and experienced a 25 percent drop in net income after taxes to $42.6 billion from $56.8 billion a year earlier, …

Predictive Models Help Valen Analytics Workers’ Comp Clients Outperform Industry Average

A new study released by Colorado-based Valen Analytics, an Insurity company and provider of proprietary data, analytics and predictive modeling for P/C insurers, revealed that its workers’ compensation customers reported an average of 25 percent loss ratio improvement, nearly double …

AIG CEO Frees Up Capital With Swiss Re Risk-Share Deal

American International Group Inc., the insurer stung by losses on higher-than-expected claims costs, said Swiss Re AG has agreed to take on some of the company’s risks tied to casualty policies. The two-year reinsurance deal will help AIG be more …

Fitch: D&O Liability Insurance Rate Declines, Marks Soft U.S. P/C Market

The insurance market underwriting cycle is turning unfavorable in many U.S. commercial market segments, including directors and officers (D&O) liability insurance, Fitch Ratings says. Premium rates in property lines have been declining for some time in response to a lack …

U.S. P/C Insurers Report Improved 2013 Performance: Fitch

U.S. property/casualty insurers’ operating performance improved in 2013, according to a new Fitch Ratings report. The improvement is largely a result of lower catastrophe-related losses and reductions in the core loss ratio from premium rate increases across many product segments. …

Allstate Profits Beats Estimates, Best Since 2012

Allstate Corp., the largest publicly traded U.S. auto and home insurer, gained the most since August 2012 after profit beat analysts’ estimates. Allstate advanced 5.7 percent to $52.36 at 4:02 p.m. in New York, the biggest jump in the 81-company …

Three Largest Home Insurers in Texas Plan to Raise Rates

Texas’ three largest home insurers are kicking off 2014 with steep increases in policyholder premiums, according to a report published Saturday. The Dallas Morning News reports that Allstate, Farmers and State Farm plan to raise rates for most current and …

Novarica Finds Wide Variations in P&C Claims Processes

Property/casualty insurers have made extensive investments in improving their claims systems and processes over the past decade, but capability levels still vary widely between companies with potential impacts to loss results, according to a new survey of more than 90 …

Texas Mutual Rewards Three Safety Groups With $435K in Dividends

Texas Mutual Insurance Company announced today that three workers’ compensation safety groups have earned a combined $435,324 in dividends. The dividends were based largely on each group’s overall loss ratio. The largest dividend, $261,132, went to the Texas Automotive Safety …

NFIB, Texas Mutual Partnership Pays $267K Dividend

Texas Mutual Insurance Company announced a $267,364 workers’ compensation dividend to the National Federation of Independent Business (NFIB) wholesale/retail safety group. The dividend was based largely on the safety group’s overall loss ratio. Members of the NFIB wholesale/retail safety group …