P/C Insurers’ Boost Net Income But Extreme Weather Hurts Underwriting in Q1 July 29, 2021 Private property/casualty insurers in the U.S. saw their net income after taxes increase significantly in the first quarter to $20...
P/C Insurers Defend Ransomware Reimbursements in New Cyber Principles July 2, 2021 By Andrew G. Simpson The nation’s largest property/casualty insurance organization is defending ransom payment reimbursements by insurers in a new set of principles stressing...
P/C Insurers’ Net Income for 9 Months Fell 27% on Effects of Catastrophes February 9, 2021 In the first nine months of 2020, net income for the U.S. property/casualty insurance industry dropped 27.5% to $35.1 billion...
How to Address the Next Uninsurable Pandemic — A Black Swan Event December 9, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout...
What P/C Insurance Industry Can Expect If Biden Wins or If Trump Is Re-Elected October 19, 2020 By Andrew G. Simpson If Republican President Donald Trump wins re-election, the property/casualty insurance industry is not likely to see much change from the...
Amerisure’s Crabb Elected Chair of Insurance Trade Group APCIA October 16, 2020 The American Property Casualty Insurance Association of America (APCIA) elected new officers, effective January 1, 2021. Greg Crabb, president and...
Some Question Insurers’ Estimates of Coronavirus Business Interruption Claims June 12, 2020 By Alwyn Scott and Suzanne Barlyn U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses...
Global Insurers Pulled into Epicenter of COVID-19 Crisis, Firmly in Uncharted Territory June 10, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson Roger Federer and Rafael Nadal locked in spell-binding battle. Paul McCartney sharing a stage with Kendrick Lamar and Taylor Swift....
Insurers, Agents Propose Pandemic Business Relief Plan; Plaintiffs Offer BIG Compromise May 22, 2020 Key segments of the property/casualty insurance industry, which is facing mounting claims for business interruption losses from the pandemic, have...
P/C Insurers Back a Federal Pandemic Loss Fund But Not a Backstop Like TRIA May 19, 2020 By Susanne Sclafane Property/casualty insurance carrier groups are developing a proposal for a federal program to replace revenues lost by businesses shut down...