property/casualty News

US Commercial Lines Survey Shows Aggregate Increase of 6.6% in Q4

U.S. commercial insurance prices increased 6.6% in the fourth quarter 2023, with “intriguing shifts” in some coverage areas, according to a survey from broker WTW. According to the latest results from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), carriers in …

GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts

Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “eye-popping performance” for the giant conglomerate are over, readers focused on property/casualty insurance saw numbers that jumped off the pages. Among them were: A 2023 …

The Institutes Introduces New Tool to Address Industry Knowledge Gaps

The Institutes, an insurance education provider for the risk management and property/casualty industry, have developed a new training solution to help organizations make the most of their training time and budget. As the only professional development tool proven to save …

Texas Regulators Post Summaries of Property/Casualty Insurance Bills for 2013

The Texas Department of Insurance has posted information and brief summaries of selected bills enacted during the 83rd Legislative regular session that relate to property/casualty insurance. The bills listed may require action by regulated individuals and entities. The department advised …

NICB: Third Quarter 2013 Questionable Claims Increase 24% from 2011

The National Insurance Crime Bureau released its third quarter 2013 questionable claims (QC) referral reason analysis. The report examines six referral reason categories of claims—property, casualty, commercial, workers’ compensation, vehicle and miscellaneous—for the third quarters of 2011, 2012 and 2013. …