The number of malpractice claims filed against hospitals and physicians dropped 14% last year, even as premiums rose 22% on average, according to a report by the American Society for Health Care Risk Management and Aon. An analysis of Aon’s …
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, …
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 …
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 …
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. 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 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 …
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 …
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 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 …