The American Property Casualty Insurance Association (APCIA) has announced its support for the Lawsuit Abuse Reduction Act of 2025 (H.R.5258).
Tag: APCIA
Insurance Industry Midyear 2025 Report: Underwriting Gains Despite Ongoing Challenges
The report highlights underwriting gains, improved profitability metrics, and continued financial strength, while also noting persistent challenges from extreme weather, inflation, and line-specific pressures.
U.S. P&C Insurers: Industry Loss Estimates Reveal Continued Challenges
Verisk and The American Property Casualty Insurance Association (APCIA) remarked on full-year 2023 losses for the insurance industry, which they estimate to be $21.1 billion
APCIA Opposes Federal Natural Catastrophe Backstop Bill
Federal solutions to a state-regulated industry should be carefully considered, as evidenced by the fact that federal taxpayers are currently at risk from $20.525 billion debt already owed by the National Flood Insurance Program, according to the APCIA.
Insurance Markets are Facing Strong Challenges; Strong Leadership Is Needed to Overcome: APCIA
Robert Gordon, senior vice president of policy, research and international testified today before the House Financial Services Committee’s Subcommittee on Housing and Insurance.
Insurance Industry Continues to Face Financial and Regulatory Headwinds
The property casualty insurance industry continued to face significant headwinds through the first half of 2023, according to the American Property Casualty Insurance Association’s (APCIA) report on the sector’s financial results and expected trends for the remainder of 2023.
APCIA: Commonsense Reforms Are Needed in Third-Party Litigation Financing
The American Property Casualty Insurance Association (APCIA) released the following statement in support of today’s House Committee on Oversight and Accountability hearing entitled, “Unsuitable Litigation: Oversight of Third-Party Litigation Funding.”
P/C Insurers Facing Hardest Market in a Generation: APCIA
The APCIA and University of South Carolina Associate Professor Robert Hartwig examine the top inflation trends, natural disaster losses and financial impacts resulting in significant pressure for property insurers, reinsurers, and consumers.
APCIA Commends House Action to Address Mitigation and Resilience in Disaster Zones
The American Property Casualty Insurance Association (APCIA) commends the House of Representatives for passing the Community Disaster Resilience Zones (CDRZ) Act of 2022.
APCIA Supports Missouri Third-Party Litigation Finance Reform Bill
The “Consumer Litigation Funding Model Act,” was introduced in the Missouri House, Wednesday, Feb. 23, by Rep. Phil Christofanelli. It addresses a growing and extremely concerning legal trend that puts vulnerable individuals who file a lawsuit at risk of being taken advantage of by private investors, called third party litigation financers, according to the American… Continue reading APCIA Supports Missouri Third-Party Litigation Finance Reform Bill