Homeowners Insurance Market Residual Market Trends in Higher Risk States
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Louisiana Homeowners Insurance Market Update
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Fronting Insurers On the Move
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State of the Underwriting Cycle: “Trees Don’t Just Grow To The Skies”
Evan Greenberg, CEO of Chubb Ltd., had the following to say on the group’s 2Q analyst call regarding the state of insurance pricing in the U.S. property & casualty (P&C) market: “In terms of the Commercial P&C rate environment, market conditions overall remained favorable, while the level of rate increases is moderating. The vast majority […]
Lighthouse Property and Safepoint Insurance Go On Offense
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U.S. P&C Insurance Industry Market Overview
Highlights Below we provide full-year 2021 financial highlights for the ALIRT P&C Composite 1, based on insurers’ statutory financial statements. ALIRT Composite surplus rose 9.9% in 2021 as operating earnings of $23.6 billion were partly offset by $14.3 billion of net capital (surplus paid-in less shareholder dividends) upstreamed to parent organizations during the year. Net […]
The Lost Cost Trend and Inflation in the P&C Insurance Industry
To provide a bit of context, over the two decades decade an average 73% of every dollar of earned premium in the U.S. P&C market was spend on loss payments, which consist of Pure Losses (61%) and Loss Adjustment Expenses (LAE – 12%). An additional 28% of each dollar was spent on general operating expenses, […]