P/C Industry Posts 2021 Underwriting Loss but Surplus Hits $1 Trillion June 6, 2022 Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry...
Report: California Workers’ Comp Written Premium for 2021 Down 2% June 6, 2022 California written premium for 2021 was 2% below 2020 and 14% below 2019, a new report shows. The Workers’ Compensation...
Global Re/insurers See Average Premium Increases of 11% in Q1 June 6, 2022 Premium growth during the first quarter of 2022 saw an average increase of 11%, which was supported by continued favorable...
J.D. Power: Auto Insurance Customer Satisfaction Has Eroded June 6, 2022 J.D. Power found in a recent survey that auto insurance customer satisfaction with price has plummeted, driving a surge in...
People & Places June 6, 2022 National Commercial lines insurer Starr Insurance Companies added Matthew Thompson to the company’s U.S. sales and distribution team as Strategic...
Home, Commercial Rate Hikes Not Enough to Offset Construction Costs June 6, 2022 To counteract rising construction material costs that have increased about 26.7% the first four months of 2022, personal and commercial...
Business Moves June 6, 2022 East Choice Financial, Fonner Insurance Choice Financial Group has acquired property/casualty insurance agency Fonner Insurance Associates in Abington, Pennsylvania. Fonner...
Munich Re Issues Green Bond in U.S. Market — a First for European Insurer June 6, 2022 Following its successful placement of green bonds in 2020 and 2021, Munich Re has sucessfully placed its first green subordinated...
U.S. Traffic Deaths Jump 10.5% in 2021 to Highest Number Since 2005 June 6, 2022 U.S. traffic deaths jumped 10.5% in 2021 to 42,915 — the highest number killed on American roads in a single...
M4.1 Earthquake Confirmed in San Francisco Bay Area June 3, 2022 A magnitude 4.1 earthquake gave the San Francisco Bay Area an early morning wake-up call Thursday. The U.S. Geological Survey...