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AM Best: US P/C Industry Reverses Nine-Month Underwriting Loss
Dec 4 2024 // Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 billion versus a loss...
Outlook for US Commercial Insurance Segment ‘Stable’ as Profits Stay Strong: AM Best
Dec 2 2024 // AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly to the segment’s persistently strong underwriting performance and improved investment...
Profits Versus Christmas Cheer鈥擜 Good-Business Lesson
Dec 2 2024 // This post is part of a series sponsored by Old Republic Surety. Dan Pope, Senior Vice President of Underwriting at Old Republic Surety, learned a lesson as a young surety rep about the most important numbers at a...
2024 More of the Same in Commercial Auto Segment After $5B Net Loss in 2023
Dec 2 2024 // After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best report indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including...
Texas Workers’ Comp is Growing, Profitable, Adding Doctors
Dec 2 2024 // Texas’s worker’s compensation market is stable and steadily growing. The workers’ comp market is one of the few consistently profitable lines in the state, according to the Worker’s Compensation...
TWIA Board Reviews 2025 Budget After $455 Million Loss from Beryl
Dec 2 2024 // The Texas Windstorm Insurance Association Board of Directors met in November to review information related to the agency’s 2025 budget. The meeting presented new information on TWIA losses from 2024 storms as...
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