P/C Industry to Finish 2022 in the Red With Combined Ratio Over 100: S&P June 30, 2022 For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due...
Home, Commercial Rate Hikes Not Enough to Offset Construction Costs: Moody’s May 19, 2022 To counteract rising construction material costs that have increased about 26.7% the first four months of 2022, personal and commercial...
AIG Q1 Net Income Up as Underwriting Profit Soars May 3, 2022 First quarter underwriting profit soared as AIG reported net income of $4.25 billion compared with $3.87 billion during the 2021...
Fire Destroyed Northern California Home Depot Store April 11, 2022 A weekend fire gutted a Home Depot store in the San Francisco Bay Area, sending up a huge plume of...
Broker WTW Reports Commercial Rates Are Starting to Stabilize Except for Cyber April 8, 2022 By Chad Hemenway Rate hikes for commercial lines of insurance are slowing to single-digit increases or even flat renewals, according to broker WTW’s...
Big Fire Gutted Large Commercial Building in California November 30, 2021 A raging fire gutted a textile business in a large commercial building south of downtown Los Angeles. The fire, which...
California Commissioner Orders FAIR Plan to offer More Commercial Coverage November 19, 2021 California Insurance Commissioner Ricardo Lara on Friday ordered the FAIR Plan to implement his mandated increases to its decades-old commercial...
Officials Say Fire at Oregon Textile Manufacturer Was Arson April 26, 2021 A large fire that gutted a Southeast Portland, Ore., textile manufacturing last week was arson, according to fire officials. Portland...
Indiana Farmers Insurance Will Enter Ohio in 2021 April 9, 2021 Indiana Farmers Insurance plans to enter the Ohio property/casualty insurance market this year. The Carmel, Indiana-based company, which distributes its...
New Jersey Man Charged with Insurance Fraud for Rate Evasion After Van Accident April 8, 2021 A New Jersey man has been charged with insurance fraud after an investigation revealed he failed to pay the correct...