U.S. property and casualty insurance stocks took a steep dive on Monday as Hurricane Milton rapidly strengthened in the Gulf of Mexico, threatening to bring further financial strain to an industry already grappling with heavy losses from this year’s relentless hurricane season.
Tag: property and casualty
U.S. Property/Casualty Industry Records $3.8 Billion Underwriting Gain in First-Half 2024
According to a new AM Best report, the U.S. property/casualty (P/C) industry recorded a $3.8 billion net underwriting gain in the first half of 2024, a significant improvement from the $24.0 billion loss recorded in the same prior-year period.
Commercial Rates in U.S. Up 3.9% on All Property and Casualty Placements
In the United States, the composite rate for commercial insurance in the first quarter of 2024 was up 3.9%, a notable decline from the fourth quarter of 2023, which was plus 5.6%.
Examining the Mergers and Acquisitions Landscape in 2023
As we cross the midpoint of 2023, the property and casualty (P&C) insurance sector continues to experience a complex mergers and acquisitions (M&A) landscape.
U.S. Property Casualty Insurance Underwriting Losses to Moderate in 2023
U.S. property/casualty industry underwriting results are likely to improve in 2023 as premium rates rise significantly in underperforming automobile and property segments, Fitch Ratings says.
Daniel J. Guth Joins Alliant in Orange County
Expert risk and insurance professional Daniel J. Guth, ARM, has joined Alliant. The Orange County, CA-based Vice President will provide strategic workers’ compensation, risk management, and property and casualty solutions to a diverse portfolio of clients. “Over more than 23 years in the business, Dan has built a far-reaching expertise that will play a vital… Continue reading Daniel J. Guth Joins Alliant in Orange County
U.S. Commercial Insurance Prices Accelerate in 2Q 2018
Commercial insurance prices in the U.S. increased by nearly 3% during the second quarter of 2018, according to leading global advisory, broking and solutions company Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). Price changes of this magnitude have not been reported in almost four years. The survey compared prices charged on policies written… Continue reading U.S. Commercial Insurance Prices Accelerate in 2Q 2018