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P/C Industry to Finish 2022 in the Red With Combined Ratio Over 100: S&P

Jun 30 2022 // For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, said S&P Global Market Intelligence. “We expect that growth rates in...

Q&A With Nationwide’s P/C President and COO Mark Berven

Jun 20 2022 // In 2021, insurer and financial services company Nationwide reported the strongest earnings in the Fortune 100 company’s history — $2.8 billion in operating income with sales of over $50 billion, another record...

Cyber Continues as Outlier in Otherwise Stabilizing Commercial P/C Market: USI

Jun 20 2022 // A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business — except for cyber. The cyber insurance market...

Wright to Pick Up United P&C’s Flood Book in July

Jun 16 2022 // Wright National Flood Insurance Co. has announced it will take over United Property & Casualty’s flood insurance book of business, starting in the third quarter of this year. The move, still subject to review by...

Cyber Continues as Outlier in Otherwise Stabilizing Commercial P/C Market: USI

Jun 6 2022 // A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business – except for cyber. The cyber insurance market...

P/C Industry Posts 2021 Underwriting Loss but Surplus Hits $1 Trillion

Jun 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 turned in a $3.8 billion underwriting loss in 2021. The P/C industry posted a $5.2...

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