According to a report from Verisk, a leading global data analytics provider, and the American Property Casualty Insurance Association, private property/casualty insurers in the United States posted strong net income growth in the first half of 2021 as the country continued to recover from the economic disruption caused by the COVID-19 pandemic. As the economy… Continue reading P&C Carrier Performance Solid in H1 2021
Tag: APCIA
APCIA Adopts Principles for Good Insurance Regulations
The American Property Casualty Insurance Association (APCIA) today announced its Principles of Good Insurance Regulation, which were adopted by its Board of Directors this week. These overarching principles support the facilitation of a regulatory environment that: (1) meets the needs of a diverse set of consumers; (2) focuses on those aspects of regulation that foster… Continue reading APCIA Adopts Principles for Good Insurance Regulations
P/C Insurers Report a 26% Drop in Net Income in First-Half 2020
Net income for the private U.S. property/casualty insurance industry dropped 26% in the first half of 2020, as the effects of COVID-19 began to hurt insurer underwriting results and investment gains, according to Verisk, a leading data analytics provider, and the American Property Casualty Insurance Association (APCIA). Net income after taxes fell to $24.3 billion… Continue reading P/C Insurers Report a 26% Drop in Net Income in First-Half 2020
APCIA Voices Opposition to California’s Proposed Changes that Could Eliminate Affinity Group Discount Programs
The American Property Casualty Insurance Association (APCIA) on Tuesday testified in opposition to draft regulations that could eliminate many affinity group insurance discount programs during a pre-notice workshop held by the California Department of Insurance (CDI) in Los Angeles. “We share CDI’s goal of helping low-income Californians have access to lower auto insurance rates, but… Continue reading APCIA Voices Opposition to California’s Proposed Changes that Could Eliminate Affinity Group Discount Programs