P/C Industry News

Moody’s: P/C Insurers More Mindful of Inflation Risks

Until recently, the risk of inflation shocks has not ranked high on the agenda for U.S. property/casualty insurers, Moody’s Investors Service says in a new report, but aggressive monetary policy over the past few years has rekindled concerns about escalating …

P/C Insurers Improve Personal Lines, Investment Results in Q3

The U.S. property/casualty industry generated improved operating results in the third quarter despite competitive market conditions, elevated catastrophe losses, the economic downturn and historically low investment yields. The industry’s net income improved to $29.9 billion for the nine months ended …

Six Keys to Harleysville’s Turnaround

Six years ago, Harleysville Group was in need of a big change. The Pennsylvania-based insurer had just come out of the worst performing year in its history. That’s when newly appointed CEO Michael Browne — who declared the company’s performance …

Fact or Fiction? Insurance Tidbits of Known and Little-Known Information

Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are just a few …

Top 25 Carriers’ Q3 Premiums Rise Nearly 11.5% in 2010 Versus Q3 2009

Alexander Hamilton once said, “I never expect to see a perfect work from an imperfect man.” Despite an imperfect marketplace, the Top 25 property/casualty companies continued to improve. Their continued improvement is evident based on the dollar amount of direct …

Insurance Industry Outlook Improving, Slightly

The insurance industry is recovering from the economic crisis, but profits are nowhere near where they were prior to the crisis, and it will take California longer than other states to rebound, according to an industry economist. The property/casualty insurance …

Fireman’s Fund Ready to Rally

Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But company President and CEO Mike LaRocco said he’s “very bullish” about …

Moody’s: P/C Insurers’ Losses Under Municipal Bonds Manageable

U.S. property/casualty insurers are not likely to sustain substantial losses on municipal bonds, Moody’s Investors Service says in a new report. While muni bonds make up a high 27 percent of P/C insurers’ invested assets, credit losses would be manageable …

Property/Casualty Insurance Premiums Grew Modestly in Q3

The U.S. property and casualty industry continued to experience modest growth in premiums written while essentially breaking even on underwriting with a calendar year combined ratio of approximately 100 percent, according to an SNL Financial analysis of preliminary third-quarter statutory …

Fireman’s Fund Ready to Rally

Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But company President and CEO Mike LaRocco said he’s “very bullish” about …