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2024 More of the Same Commercial Auto Insurance Segment After $5B Net Loss in 2023

Insurance Journal

commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including raising premiums to match the rising … After the U.S.

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Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS

Insurance Journal

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …

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Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS

Insurance Journal

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …

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2024 More of the Same in Commercial Auto Segment After $5B Net Loss in 2023

Insurance Journal

commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best report indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including raising premiums to match the rising … After the U.S.

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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

The Relationship Between Tariffs and Insurance Costs Rising tariffs could impact many different lines of business, but some experts have narrowed their focus to the effects on homeowners and auto (both personal and commercial). This could cause higher rates in commercial property and homeowners lines.

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New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Homeowners in Georgia’s most climate-risk-vulnerable counties , such as the coastal and most southern parts of the state, can face double-digit premium hikes or nonrenewals. At least 38 of those events happened in the last five years, with 14 in 2023. The five-year average count for liability claims increased 24.9

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Despite Progress, California Insurance Market Faces Headwinds

Triple-I: Homeowners Insurance

In 2025, that exposure will increase further as FAIR begins offering higher commercial coverage for larger homeowners, condominium associations, homebuilders and other businesses. Insurance Commissioner Ricardo Lara has implemented a Sustainable Insurance Strategy to alleviate these pressures.