Keyword
Property Casualty Insurers Association of America
U.S. P&C association calls on Congress to pass National Flood Insurance Program extension in wake of Hurricane Harvey
August 31, 2017 by Canadian UnderwriterThe president and CEO of the Property Casualty Insurers Association of America (PCI) is calling on the U.S. Congress to pass at least a six-month extension of the National Flood Insurance Program (NFIP). David A. Sampson said in a press…
U.S. P&C insurance industry’s net income drops 42.2% to US$7.7 billion in Q1 2017
June 26, 2017 by Canadian UnderwriterThe private property and casualty insurance industry in the United States saw its net income after taxes drop to US$7.7 billion in the first quarter of 2017 from US$13.4 billion in Q1 2016, a 42.2% decline, according to ISO, a…
U.S. P&C insurers report US$4.7 billion net underwriting loss in 2016: Verisk Analytics
May 8, 2017 by Canadian UnderwriterPrivate property and casualty insurers in the United States suffered a US$4.7 billion net underwriting loss in 2016 following a US$8.9 billion net underwriting gain in 2015, according to ISO, a Verisk Analytics business, and the Property Casualty Insurers Association…
Technology innovation top growth opportunity for (re)insurers in 2017: Guy Carpenter survey
November 7, 2016 by Canadian UnderwriterTechnology innovation will provide the biggest growth opportunities for (re)insurers in the year ahead, according to Guy Carpenter’s annual Market Pulse Survey, released on Monday. Now in its fifth year, the survey polled 107 insurance and reinsurance professionals during the…
Insurance industry moving too slowly, must keep pace: Forgeron
October 25, 2016 Angela Stelmakowich, EditorCanada’s property and casualty industry – in need of a regulatory environment that fosters the innovation and responsiveness consumers are demanding – is at risk of losing pace to new competitors, Don Forgeron, president and CEO of Insurance Bureau of…
U.S. P&C insurers report US$1.5 billion net underwriting loss in first half of 2016
October 5, 2016 by Canadian UnderwriterPrivate property and casualty insurers in the United States reported a US$1.5 billion net underwriting loss in the first half of 2016 – the first year-to-date net underwriting loss in more than three years, according to ISO, a Verisk Analytics…
U.S. private p&c insurers’ net income falls 26.6% in Q1 2016, combined ratio up 1.8%: Verisk
July 14, 2016 by Canadian UnderwriterPrivate property and casualty insurers in the United States saw their net income after taxes fall to US$13.3 billion in first-quarter of 2016 from US$18.1 billion in first-quarter 2015, a 26.6% decline, according to data from ISO, a Verisk Analytics…