Personal Auto and Homeowners Results Continue To Dampen P/C ...

Commercial lines insurers benefited from up-pricing and more effective risk selection, but their results were once again overshadowed by the ...

US property-casualty insurers rocked by huge losses

Titled “2023 P/C Snapshot: Personal Auto and Homeowners Results Continue to Dampen P/C Underwriting Performance,” the latest report provides an ...

US P/C Industry 2023 Underwriting Performance Improved, but ...

For 2023, the personal lines expense ratio improved by almost 2 points over 2022, most dramatically in personal auto. The net written premium ...

US Property/Casualty Industry Suffered Second-Straight Year of $20 ...

The private passenger auto line of business reported an underwriting loss of nearly $17 billion in 2023, approximately half the loss reported in ...

Commercial Lines Boost US Property and Casualty Underwriting in ...

The Best's Special Report, 2023 P/C Snapshot: Personal Auto and Homeowners ... continue to dampen results," Mr. Blades said. Conversely ...

US P/C Underwriting Results: Two Years in a Row Over $20 Billion ...

According to a financial review of the industry by AM Best, homeowners/farmowners and private passenger auto insurance segments took an ...

Best's Special Report: US Property/Casualty Industry Suffered ...

The 2023 financial results on each individual line of P/C ... The private passenger auto line of ... continue to dampen results." The commercial lines ...

US Property/Casualty Industry Suffered Second-Straight Year of $20 ...

AM Best logo The 2023 financial results on each individual line of P/C ... Auto and Homeowners Results Continue to Dampen P/C Underwriting Performance ...

US Auto Insurance Market on the Mend; Homeowners Line Volatile

The personal auto line has seen a volatile four years in the wake of a 2020 pandemic-related 24% decline in auto liability reported claims, ...

US P/C industry saw $22bn underwriting loss in 2023: AM Best

... personal and commercial auto, homeowners, and commercial property. ... continue to dampen results.” Print Friendly, PDF & Email. Share this ...

US Personal Auto Results Worsen as Claims Severity Rises - AM Best

The direct incurred loss ratio for the first half of 2023 was more than three points above the prior year despite a 10.5% rise in premiums, said AM Best ...

US P/C Insurance Underwriting Losses Expand Amid Personal ...

Higher natural catastrophe losses and a lack of improvement in personal auto results drove the industry underwriting CR to 104.4% in 6M23, ...

Pipes Insurance Service, LTD on LinkedIn: US P/C Underwriting ...

Home & auto insurance rates continue to increase David Blades, associate director of industry research and analytics at AM Best, said personal lines…

Auto Losses to Continue to Dampen Insurer Profits - Claims Journal

... P/C insurance market report. “Recent improvements in homeowners profitability could result in a continued slowing of rate increases in that business line ...

Wind, Fire, Water, Hail: What Is Going on In the Property Insurance ...

The absence of adequate insurance coverage, such as in parts of New Orleans after Hurricane Katrina, could result in homeowners abandoning ...

Personal auto insurance on the mend, but homeowners' still volatile

The personal auto line experienced significant volatility over the past four years, with record underwriting profits in 2020 due to pandemic- ...

U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021

“If economic pressures dampen pricing, or if catastrophes result in ... Looking at 2022, AM Best said U.S. homeowners, personal auto ...

Personal Auto Insurers' Losses Keep RisingDue to Multiple Factors

Continuing supply-chain issues, leading to rising costs for autos, auto replacement parts, and labor; and; More costly auto repairs due to safer ...

Underwriting Losses Soar, Net Income Shrinks for PC Insurers in 2022

Key financial results for private U.S. P/C insurers significantly ... auto lines,” said Neil Spector, president of underwriting ...

U.S. Insurance Personal Auto Recovering, Homeowners' Volatility ...

The personal auto line endured uncharacteristic volatility in the past four years as record underwriting profits in 2020 from pandemic-related ...