Auto Insurance, Commercial and Underwriter

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

Insurance Journal

NOVEMBER 13, 2024

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.

Auto Insurance

Auto Insurance Commercial Underwriting Underwriter

Commercial Auto Insurance Profit Struggles Continue

Insurance Journal

JULY 14, 2024

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 …

Auto Insurance

Auto Insurance Commercial Casualty Insurance Underwriting

COMMERCIAL AUTO INSURANCE

Rough Notes

DECEMBER 2, 2024

Harrington, CPCU If insurance underwriting were a reality television show, commercial auto underwriting would be cast as the ultimate challenge of endurance for the participants. The quest for stability endures as determined providers carry on By Joseph S.

Auto Insurance

Auto Insurance Commercial Underwriter Underwriting

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

Insurance Journal

OCTOBER 27, 2024

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 …

Commercial

Commercial Auto Insurance Underwriting Underwriter

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

Insurance Journal

NOVEMBER 17, 2024

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 …

Commercial

Commercial Auto Insurance Underwriting Underwriter

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

Insurance Journal

DECEMBER 1, 2024

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.

Commercial

Commercial Auto Insurance Underwriting Underwriter

Improved Commercial Auto Underwriting Profitability Expected After Years of Struggle

Triple-I: Business Insurance

OCTOBER 25, 2024

The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting property/casualty lines more recently. This weakness in underwriting profitability has been driven by several causes, according to a new Triple-I Issues Brief.

Underwriter

Underwriter Commercial Underwriting Auto Insurance

Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

OCTOBER 10, 2024

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. points year-over-year improvement, with commercial lines continuing to outperform personal lines. represented a 2.3-points

Commercial

Commercial Underwriter Underwriting General Liability

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

Triple-I: Business Insurance

AUGUST 11, 2022

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. Losses have been driven by significant deterioration in the personal auto line.

Underwriter

Underwriter Underwriting Workers Compensation Premium

Pro Tips for getting insurance Carrier Appointment for a new agency

Friendly Agent

SEPTEMBER 11, 2020

commercial underwriter, personal lines underwriter all 3 in my office, all with my binder… appointment ON THE SPOT!” Superior Access (P&C and Commercial insurance) Superior access has multiple carriers across the United States. Allegiance Insurance Services :@myallegianceins 4.GoIndium

Insurance Carrier

Insurance Carrier License Agents Commercial

Report: Policyholders See Climate as a ‘Primary Concern’

Triple-I: Business Insurance

JUNE 8, 2022

With this in mind, 73 percent of policyholders said they consider climate change one of their primary concerns, compared with 40 percent of insurers. ” The report emphasizes the economic losses associated with climate, which it says have grown by 250 percent in the last 30 years.

Policyholder

Policyholder Risk Underwriting Underwriter

The Pressures of Operational Optimization

Majesco

APRIL 11, 2024

If we don’t get down to addressing the loss ratio — underwriting, pricing, risk selection, and claims management — for many carriers, even if they cut costs by 100%, they’re still not going to be profitable. This isn’t just because of the size of their expense ratio. Here is a positive trend, for example.

Commercial Property

Commercial Property Risk Claim Deductible

Cannabis Industry Prospects Brighten;Risks, Challenges Remain

Triple-I: Workers Compensation

APRIL 20, 2021

“There are upwards of 30 surplus lines carriers and several managing general underwriters that currently service the cannabis industry across many lines of coverage,” the National Law Review reports. There also is a small handful of admitted carriers that operate in California, and most recently in Arizona.”

Risk

Risk Workers Compensation Commercial General Liability Liability

Insurance Industry Brief

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

Commercial Auto Insurance Profit Struggles Continue

Trending Sources

COMMERCIAL AUTO INSURANCE

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

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

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

Improved Commercial Auto Underwriting Profitability Expected After Years of Struggle

Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

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

Pro Tips for getting insurance Carrier Appointment for a new agency

Report: Policyholders See Climate as a ‘Primary Concern’

The Pressures of Operational Optimization

Cannabis Industry Prospects Brighten;Risks, Challenges Remain

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