The current status of debt ceiling discussions, or lack thereof, are rattling markets, but select P&C insurers look strong in a relative sense.

With social inflation increasing since Covid, ProAssurance’s recent announcements could be the tip of the iceberg for older claims in the industry.

Taking the 15-year view, P&C insurers have stayed steadily allocated to bonds, but took on a bit more risk when interest rates were near zero.

Industry reserve releases mask adverse development trends, particularly in personal lines.

Analysis shows that year-end 2022 industry reserves were redundant by 2.9%, but a quicker than anticipated turn in social inflation is a trend to watch out for.

Recent data shows an increase in InsurTech short interest and a slight uptick for brokers and P&C insurers as a result of economic uncertainty following the banking crisis.

Though the present banking sector turbulence might bring back memories of 2008, fundamental differences in banking and insurance risk make contagion less likely.

Price-to-book multiples for insurers have increased materially over the last two years, but drops in equity partially drove the increase due to unrealized losses.

The update to the October figure implies the ultimate number will comfortably breach the $50bn mark.

A challenging legal atmosphere and drift in loss cost components add difficulty to the task of tallying ultimate losses.

Hurricane Ian, interest rate impact and the cooling economy will be the main themes this earnings season.

Hurricane Ian’s total effect is still unknown, but lessons from Hurricane Irma give insight into potential outcomes.