Remove Insurer Remove Premium Remove Underwriter
article thumbnail

NC Insurers Warned on Flood Denials in Underwriting; NFIP Allows Monthly Premiums

Insurance Journal

North Carolina Insurance Commissioner Mike Causey is reminding property insurers to refrain from raising homeowners’ premiums just because an insured filed a claim or inquiry in order to qualify for flood insurance indemnity or federal assistance. In most cases, the …

Premium 264
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

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

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

Become an Attractive Risk for Underwriters

Insurance Journal

Insurance Carriers are reducing their appetite for risk and increasing premiums. This means they are being much more selective in what they are willing to insure. This post is part of a series sponsored by TSIB. If they are going …

Risk 246
article thumbnail

Travelers Reverses Q2 Income Loss, Narrows Underwriting Loss

Insurance Journal

reported second quarter net income of $534 million, compared to a loss of $14 million during the same time a year ago, thanks to record net premiums of about $11.1 The New York-based insurer posted … The Travelers Companies, Inc.

article thumbnail

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.