The new 2022 stat data shows personal lines premium has grown year-over-year, but the loss ratios have been hit hard by catastrophes and loss cost inflation.

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

The company added that it currently has less than $7,000 in cash at SVB.

2022 statutory data is now available, and results show winners and losers

Sentiment scores across US P&C segments dropped sequentially in Q4, though InsurTechs bucked the trend.

The company expects to turn adjusted Ebidta positive by the end of 2024 with cash of at least $400mn.

Tesla understands the data-driven nature of insurance and is looking to grow its auto insurance exposure, but the focus is on cars first

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

Inside P&C’s news team runs you through the key highlights of the week.

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

United Insurance Holdings said it had fully exhausted its personal lines reinsurance cover on the event, rendering its personal lines carrier insolvent.

Inside P&C breaks down some of the key themes and commentary from commercial, personal and specialty line carriers, as well as brokers, during the season so far.

The firm’s playbook struggles provide valuable insights for its InsurTech competitors as they all navigate a challenging loss cost environment.

The Manheim Vehicle Value Index increased 0.8% in December.

The InsurTech is accusing Brinson Caleb Silver and his alleged co-conspirators of executing a scheme which defrauded it of at least $9.4mn.

Need to Know

Five auto insurers receive approval to raise rates after 32-month halt by the California Department of Insurance.

After market close on Wednesday, the carrier disclosed an estimated combined ratio of 109.1% for the quarter, adding 10 points year on year.

Poor macroeconomic conditions loom, but reinsurers, brokers and personal lines carriers are expected to share positive results.

Stephen Hitch, senior vice president of underwriting at Xchange Benefits, will lead the new MGU.

Inside P&C’s news team runs you through the key highlights of the week.

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

Although 2022 was on balance, a good year, macro-economic issues such as a slowing economy, falling employment, and loss cost reversion could create an overhang for 2023.

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