property & casualty insurers News

P/C Small Business Insurance Market Ripe for Consolidation: Conning

If heavy competition breeds consolidation, then property/casualty small business insurance is ripe for it in the coming years. Here’s why: Both large and small insurers devote lots of attention to the space, but no single company carries more than a …

P/C Insurers’ 2013 Profits Reflect First Underwriting Gains Since 2007

 Private U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus climbing to 10.3 percent from 6.1 …

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. …

Insurers Boost California Economy by $30.2B

California has a near $2 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the property/casualty insurance industry, according to a new report. Insurers contributed $30.2 billion to California’s 2011 …

P/C Insurers’ 2013 Performance Not Likely to Repeat

Property/casualty insurers will be hard-pressed to repeat the industry’s stellar 2013 performance, a panel of industry chief executives agreed at the 18th annual Property/Casualty Insurance Joint Industry Forum, held on January 14. The CEOs, drawn from a cross-section of the …

P/C Insurers Focus on Underwriting, Data and Analytics in 2014: EY Report

In the face of continued economic, competitive and regulatory challenges, property/casualty insurers are seizing opportunities to improve underwriting discipline, drive operating efficiencies and leverage data and enhanced analytics to sustain growth and widen their performance advantage, according to EY’s 2014 …

Stronger Underwriting Improves P/C Insurers’ Bottom Line in First Half of 2013

Private U.S. property/casualty insurers’ net income after taxes rose to $24.5 billion in first-half 2013 from $17.2 billion in first-half 2012, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus increasing to 8.2 …

P/C Insurers’ Overall Results Improved in First Quarter 2013

Private U.S. property/casualty insurers’ net income after taxes rose to $14.4 billion in first-quarter 2013 from $10.2 billion in first-quarter 2012, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus climbing to 9.6 …

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 …

P/C Insurer Profits Rose in 2012, Despite Sandy Losses and Investment Gains Drop

Despite the impact of Superstorm Sandy and smaller investment gains, private U.S. property/casualty insurers’ net income after taxes grew to $33.5 billion in 2012 from $19.5 billion in 2011, with insurers’ overall profitability as measured by their rate of return …