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Jul 7 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... more ›
Jun 28 2013 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.... more ›
Mar 20 2013 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... more ›
Feb 26 2013 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... more ›
Jun 11 2012
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... more ›
May 29 2012 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... more ›
Apr 16 2012
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... more ›
Feb 10 2012 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... more ›
Jan 5 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... more ›
Aug 2 2011
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... more ›
Mar 17 2011
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... more ›
Mar 17 2011
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... more ›
Aug 5 2010
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... more ›