While market stabilization has continued into 2024, conditions could transition to a firming market later...
US property and casualty underwriting losses narrow as key lines still struggle
US property and casualty insurers overall saw better underwriting results in 2023, but performance worsened in certain important business lines, according to an...
US property and casualty insurers overall saw better underwriting results in 2023, but performance worsened in certain important business lines, according to an...
Article / 2 days ago
Lloyd's of London underwriting improved in 6 of its 8 business lines in 2023
Lloyd's of London reported its best underwriting performance in 16 years in 2023 thanks partly to improvements in all but two of its major business lines....
Lloyd's of London reported its best underwriting performance in 16 years in 2023 thanks partly to improvements in all but two of its major business lines....
Article / 18 days ago
Insurers brace for claims from generative AI surge
Generative AI has already triggered several events that could point to increased claims for insurers
Generative AI has already triggered several events that could point to increased claims for insurers
Article / 5 months ago
Heavy weather losses forecast for P&C insurers' Q2 2023 earnings season
Most of the largest publicly traded US property and casualty insurers are set to report year-over-year revenue gains in the second quarter, although...
Most of the largest publicly traded US property and casualty insurers are set to report year-over-year revenue gains in the second quarter, although...
Article / 10 months ago
State Farm pullback intensifies spotlight on California's rate-approval process
A decision by California's largest homeowners insurer to stop writing new property and casualty policies has hastened calls to revise the state insurance...
A decision by California's largest homeowners insurer to stop writing new property and casualty policies has hastened calls to revise the state insurance...
Article / 11 months ago
Lincoln Power, PJM reach $42.8M settlement over 2022 winter storm penalties
Independent power producer Lincoln Power LLC asked the US Bankruptcy Court in Delaware to approve a $42.8 million settlement with the PJM Interconnection...
Independent power producer Lincoln Power LLC asked the US Bankruptcy Court in Delaware to approve a $42.8 million settlement with the PJM Interconnection...
Article / 1 year ago
US property and casualty insurers' earnings ride on management of personal auto
Most of the largest publicly traded US property and casualty insurers are set to book sequential and year-over-year increases in revenues in the...
Most of the largest publicly traded US property and casualty insurers are set to book sequential and year-over-year increases in revenues in the...
Article / 1 year ago
Catastrophes, inflation key factors for Japan's nonlife insurers in FY'23
Natural catastrophe-related losses will continue to be the largest risk to Japanese nonlife insurers' earnings in fiscal year 2023, though the effects of inflation are...
Natural catastrophe-related losses will continue to be the largest risk to Japanese nonlife insurers' earnings in fiscal year 2023, though the effects of inflation are...
Article / 1 year ago
Fla. homeowners market accounts for majority of insurers liquidated in '22
Property and casualty underwriters made up the bulk of U.S. insurers placed into receivership in 2022 for the the sixth straight year, according to...
Property and casualty underwriters made up the bulk of U.S. insurers placed into receivership in 2022 for the the sixth straight year, according to...
Article / 1 year ago
Budding US cannabis insurance space moves on despite legislative limbo
The recent midterm elections that ushered in a divided U.S. Congress have left legislative reforms to embolden insurers providing services to the cannabis industry in limbo...
The recent midterm elections that ushered in a divided U.S. Congress have left legislative reforms to embolden insurers providing services to the cannabis industry in limbo...
Article / 1 year ago