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.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

A differentiated investment strategy has led to increased value creation and price-to-book multiples for a small group of specialty carriers.

Average budgeted expected losses rose by nearly 20% this year with reinsurers factoring in climate variability.

Texas Windstorm Insurance Association also increased its adjusted building cost by the largest amount in years, reflecting inflation and supply chain issues.

The past few weeks bring back bad memories of 2008, but many factors that triggered that crisis seem not to be in play this time around

Although P&C insurers had 9% premium growth, the underwriting loss in 2021 follows a $4.4bn underwriting gain in 2020.

Inside P&C’s news team runs you through the key developments from the past week.

The NICB has estimated that fraud adds 5%-10% to the total claims paid following a disaster.

Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.

Individual staff like the freedom and flexibility of hybrid working, but management is concerned about hidden long-term costs.

March’s CPI report shows elevated inflation levels, including vehicle CPI of 10.5% and average used car price increase of 24.7%.

In the first quarter of 2022, earnings will depend on how firms react to the changing economy.

Yield curve inversion, thoughts on a potential recession and impact on the property-casualty industry.

The insurance sector was up through the first quarter of 2022 as broader economic and international factors drove down markets.

The ratings agency has also terminated the provision and redistribution of all information products and services to clients in Russia with immediate effect.

Board members include the former CEO of Assurant and the chief legal officer of Stripe.

Out of the 420 insurance professionals that make up the 2022 Insurance Information Institute Insurance Fraud Report, 80% see fighting fraud as a priority.

Social media posts, campus recruiting and apprentice programs are all deployed to draw a new generation to insurance, but the broader industry is not focusing on refreshing the ranks.