Remove Insurance Remove Insurance Industry Remove Premium
article thumbnail

US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021

Insurance Journal

property/casualty insurance industry recorded a net underwriting gain of $3.7 “After years of consistent losses, premium growth is helping the overall … billion and net income of $94.6 billion for the first-half of 2024, according to a new report.

article thumbnail

US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021

Insurance Journal

property/casualty insurance industry recorded a net underwriting gain of $3.7 “After years of consistent losses, premium growth is helping the overall … billion and net income of $94.6 billion for the first-half of 2024, according to a new report.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Flaws of the Saffir-Simpson Scale: Wind Isn’t the Only Threat in Modern Hurricanes

Insurance Journal

The insurance industry faces significant challenges in covering catastrophic risks, especially as climate change drives more extreme weather events. With soaring premiums and increasing exclusions, the need for an accurate assessment of these risks is more important than ever. The …

Premium 299
article thumbnail

Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims

Insurance Journal

Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline.

Liability 264
article thumbnail

P/C Premium Growth Likely But Profits Delayed Until 2025: Forecast

Insurance Journal

Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insurance Information Institute (Triple-I) …

Premium 277
article thumbnail

Florida Homeowners Premium Growth Slowsas Reforms Take Hold, Inflation Cools

Triple-I: Homeowners Insurance

Homeowners insurance premium growth in Florida has slowed since the state implemented legal system abuse reforms in 2022, according to a Triple-I analysis. As shown in the chart below, average annual premiums climbed sharply after 2020. In 2022, average homeowners premium rates rose more than 17 percent, to $3,040.

Premium 52
article thumbnail

Understanding Insurance Agent Commissions

Final Expense Brokerage

May 15, 2024 11:34:08 AM Contact Us Uncover the secrets behind insurance agent commissions and learn how to maximize your earnings in this competitive field. Share: Exploring the Basics of Insurance Agent Commissions Insurance agent commissions are part of the reasons people are interested in becoming agents.