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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 A combined ratio below 100 represents an underwriting profit, and a ratio above 100 represents a loss. for 2022, up 1.2 They presented their findings at a Triple-I members-only virtual webinar.

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5 Best Practices for Effective Claims Reviews

Risk Management Monitor

Another company may have an unusually high experience modification rate that they want to bring down by reducing the frequency of worker injuries. The policyholder’s unique objectives should drive decisions about how often to conduct the claims reviews, what types of claims to include and where to dive into the greatest detail.

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Manufacturing & Distribution Risk Considerations in Response to COVID-19

Scott Insurance

Material Change in Risk Manufacturers & Distributors should prepare for the possibility of increased underwriting scrutiny. Proper Disclosure to Your Insurance Provider Insurance policies outline terms and conditions of coverage, including what responsibilities the policyholder must comply with in order to maintain coverage.

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