Fitch: Inflation Tied to Claims Severity Boosts U.S. P/C Insurers’ Reserve Risk in Casualty Lines January 16, 2024 Fitch Ratings said it expects the U.S. property/casualty insurance industry to generate modest underwriting improvement in 2024, following poor auto...
NCCI: Workers’ Comp Line Thrives Despite COVID-19 May 11, 2021 By Jim Sams The workers’ compensation line powered through the COVID-19 pandemic last year, generating an average profit of 24% while carriers built...
Analysts Predict Trouble Ahead for Personal Auto as Claims Volume Returns to Normal August 18, 2020 By Jim Sams Insurers are making a bundle on personal auto because claims have plummeted, but the long-term outlook for the line isn’t...
AIG: Large M&A Deals Can Lead to Costly Insurance Claims April 20, 2017 The frequency of M&A insurance claims is rising as large deals prove risky and the average payout on the most...
Insurers Could See 25% Decrease in Claims Severity by Utilizing Data Early August 12, 2014 A recently released LexisNexis Risk Solutions’ study found that carriers that incorporate real time data analytics into the claims process...