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Top Stories / Ad / Most Recent
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Medical care prices – an indicator of medical inflation, a key input to long-tail loss costs – were up 0.2% YoY, after an 0.8% drop for October and a 1.4% drop for September.
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Reciprocals have been cropping up more recently, with a shift toward cat-exposed lines, giving investors a quick way to tap into the hard market with an expectation of a rich multiple at exit.
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With Maui wildfire investigations beginning to point the finger at Hawaii Electric, it’s possible the insurance industry will see things play out as they did with PG&E in California, but the smaller scale of local utilities suggests lower potential recovery for insurers.
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Reserves eased slightly from 2020 through 2022, driven by motor and general liability sectors in the US and UK.
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InsurTech players shift attention to embedded solutions and MGA/MGU strategies at the Insurtech Insights conference.
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The current status of debt ceiling discussions, or lack thereof, are rattling markets, but select P&C insurers look strong in a relative sense.
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With social inflation increasing since Covid, ProAssurance’s recent announcements could be the tip of the iceberg for older claims in the industry.
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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.
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Industry reserve releases mask adverse development trends, particularly in personal lines.
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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.
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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.
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Though the present banking sector turbulence might bring back memories of 2008, fundamental differences in banking and insurance risk make contagion less likely.
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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.
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The update to the October figure implies the ultimate number will comfortably breach the $50bn mark.
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A challenging legal atmosphere and drift in loss cost components add difficulty to the task of tallying ultimate losses.
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Hurricane Ian, interest rate impact and the cooling economy will be the main themes this earnings season.
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Hurricane Ian’s total effect is still unknown, but lessons from Hurricane Irma give insight into potential outcomes.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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A differentiated investment strategy has led to increased value creation and price-to-book multiples for a small group of specialty carriers.
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Average budgeted expected losses rose by nearly 20% this year with reinsurers factoring in climate variability.
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Texas Windstorm Insurance Association also increased its adjusted building cost by the largest amount in years, reflecting inflation and supply chain issues.
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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
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Although P&C insurers had 9% premium growth, the underwriting loss in 2021 follows a $4.4bn underwriting gain in 2020.
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Inside P&C’s news team runs you through the key developments from the past week.
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