Armchair analysts prognosticating the impending collapse of property & casualty insurance companies were proven wrong by recently released 2024 financial performance results. The overall industry’s underwriting results were profitable. The 2024 combined ratio – losses and expenses divided by premium, …

March 24 will mark two years since Republican Florida Governor Ron DeSantis signed tort reform measures into law. HB 837 took direct aim at an epidemic of litigation, the factor most responsible for steep increases in homeowners’ insurance rates and …

In insurance circles Florida and California have the dubious distinction of being perennial problem children for home and auto insurance. In both states insurance markets have been severely disrupted by unique factors unknown in any other state. In Florida, the …

Anyone who believes insurance is a dull industry is unfamiliar with recent fraud schemes so macabre they could be turned into gripping adventure movies. One such caper is the staged accident scheme perpetrated by the family of ringleader William Mize. …

The insurance industry admittedly may not be as glamorous as high-tech, investment banking, advertising, or Hollywood. After all, consider that the most influential publication on what’s happening in property & casualty insurance is titled IBNR Weekly (where IBNR means incurred …

The U.S. Senate Committee on the Budget is a peculiar entity. The committee was established in 1974 in response to President Richard Nixon “impounding” money allocated by Congress to prevent spending on programs he did not favor. This led to …

The U.S. trucking industry has been shaken to its foundations. A welter of external challenges catalyzed the failure of approximately 88,000 trucking firms in 2023. That is 10 percent of the nation’s trucking companies. The chief culprit was a steep …

In recent months the dynamic markings for voices asserting the insurance industry is not up to challenges posed by climate change have gone from mezzo-piano to mezzo-forte. In his endorsement of a proposal by Representative Adam Schiff (D-Calif.) to create …

A New York Times article this week reported troubles in Iowa and insurers pulling up stakes from the Hawkeye State, leaving the homeowners’ insurance market. The exits were prompted by horrendous financial results driven by off the charts weather patterns. …

2023 was an unremarkable year for insurers. And that’s a good thing. Insurers and their shareholders prefer boring predictable results over unexpected volatile shocks. Property & casualty insurance company stocks performed relatively well. In 2023 the S&P Insurance Stock Index …