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P/C Insurer's Gains Slip 1Q 2014

Net losses and loss adjustment expenses (LLAE) surged upward in the first quarter of 2014 as compared to the same time period in 2013. Private U.S. property/casualty insurers' net income after taxes, as a group, fell to...

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Top 10 Risks For Insurers - Ernst & Young

Insuring risk is risky business! As the insurance industry adjusts to a new environment of low asset returns and stricter regulation, insurers have few illusions about the challenges ahead. In an increasingly...

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Auto Insurance Is 5 Year Loser

The US Auto Insurance industry will post a statutory underwriting loss in private passenger auto for the fifth consecutive year in 2012, according to a report by Fitch Ratings. Spurred by several years of weaker segment...

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2013 Insurance Rate Forecast

Premiums for insurance is expected to continue a modest rise in 2013. By John B Sullivan, CIC President, AMERICAN INSURANCE Like our political climate "more of the same" is expected. Loss experience improved over 2011's...

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Premium Increases Ahead For Businesses

Business owners need to brace themselves for modest insurance premium increases in 2012. Faced with high catastrophe claims from 2011 and low investment returns Property-Casualty insurance companies have no choice but...

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P&C Insurance Net Income Plunges

Record 2011 losses are driving insurance price increases in 2012. As predicted in Market Forecast 2012, the insurance industry has been raising prices this year on Homeowners and commercial property risks, other...

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Taxpayers May Profit Billions From AIG Bailout

When all is said and done, AIG expects taxpayers to profit from $5B to $10B on the company's 2008 rescue. Too big to fail, AIG ultimately received a $140 billion bailout from taxpayers in 2008 to avoid a feared...

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Allstate Agents Quit & Dissatisfied

Overall, 73% of Allstate agents answering a national survey were "not very" or "not at all" satisfied with their relationship with the company. When asked if they would be willing to refer a friend or relative to become...

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Market Forecast 2012

The headlines of 2011 mark the worst year ever recorded for insured losses across the globe. Worldwide natural disasters - earthquakes, tsunamis, tornadoes, hurricanes, flooding, winter storms, and unusual freakish...

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2011 Already Insurer's Costliest Year Ever

After just six months, 2011 is already the most expensive catastrophe year for the insurance industry on record, according to a ProgramBusiness.com story taken from The Guardian. Through June 30th, 2011 is worse than...

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Insurer Losses Increased in 2010

Fueled by worldwide catastrophe losses, the combined ratios (claims + expenses) of US Insurance and reinsurance companies deteriorated 3.4% in 2010 compared to 2009. Fitch Ratings, in its annual report that compiled the...

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Can Insurers Withstand Catastrophes?

Insurers and reinsurers worldwide have the financial strength to pay the claims that will emerge from Japan's 9.0 magnitude earthquake and the resulting tsunami but these events, coupled with the severe quakes that...

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Insurance Industry Outlook: Is the Worst Behind Us?

In 2009 the recession caused a dramatic drop in premium revenue paid to insurance companies for business insurance policies that are primarily based on the now reduced gross sales and/or payroll. How are the property-...

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