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Commercial Auto Insurance Profit Struggles Continue

Insurance Journal

The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting actions, commercial auto has generated a statutory combined ratio above 100 in 12 of the …

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Medicare Recovery Actions Can’t be Made by Uninjured Parties, Appeals Court Says

Insurance Journal

Litigation that seeks to win Medicare reimbursements from insurance companies has become a huge business over the last decade, making one Miami lawyer a billionaire and causing expensive, ongoing legal headaches for property-casualty insurers. But the federal law that allows …

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Pennsylvania Shaved $98 Million Off Insurer Rate Requests in First Half of Year

Insurance Journal

The Pennsylvania Insurance Department (PID) reported that it has saved consumers $98.3 million in annual auto, home and other property/casualty insurance premiums in the first six months of 2024 through its review of insurance company rate filings. The vast majority …

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How to Not Suck at Being an Insurance Agent

Redbird Agents

A high turnover rate in the insurance industry is often due to unrealistic expectations about the career path, lack of initial support or training, difficulty in building a sufficient client base, and the stress related to income instability. What type of insurance agent? Why is selling life insurance hard?

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Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. The report was released during a members-only webinar on Oct. The industry’s estimated net combined ratio of 99.4 represented a 2.3-points

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2022 P&C Underwriting Profitability Seen Worsening as Inflation, Hard Market Persist

Triple-I: Business Insurance

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. for 2022, up 1.2

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The Pressures of Operational Optimization

Majesco

US commercial Property and Casualty insurers have obtained incredibly high results in avoiding water, non-weather losses, using IoT solutions for risk prevention. At the international level, I have seen auto insurers building their own network of body shops, and buying parts for the body shops.