January 22, 2025
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The storm is expected to bring freezing rain and heavy snow across a wide swath of the US. -
Casualty and auto loss costs continue to rise due to inflation as we head into 2026.
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Modernized tactics springing from stolen online identities have surged post pandemic and are ramping up losses.
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eMaxx Reciprocal Insurance Exchange will write commercial P&C as an insurer and reinsurer.
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Valor Equity led the raise, which included Lightspeed and General Catalyst.
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Louisiana Insurance Commissioner Tim Temple outlined key priorities for 2026 in an interview with Insurance Insider US.
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Attorneys and doctors targeted by the case claim Uber has no standing to bring a Rico suit.
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He served as SVP of transportation at ISC since mid-2024.
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Several lines had price decreases, while growth in most sectors slowed from previous quarters.
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The trucking carrier has been building out its executive team this year.
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The change was made on December 2 and was effective immediately.
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Highly concentrated, overly leveraged fronts could repeat the Unicover-Reliance story.
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Only GL and workers’ comp had renewal rate increases compared to Q2.
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The subsegment is the latest commercial auto sector to feel the heat of litigation losses.
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Loss ratios in troubled casualty lines ticked down year-over-year despite worsening loss costs.
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Kemper and Selective’s woes stem partly from own issues, but industry-level issues persist.
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Workers’ compensation was the only line that saw a YoY decrease.
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The reserve strengthening stemmed from bodily injury and defense costs for accident years 2023 and prior.
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Success in the soft market will be had when careful preparation meets opportunity.
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Normalized growth and peak multiples confirm we are headed towards a Darwinian race.
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Workers’ comp rates dropped again, but the decline slowed from last quarter.
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Selective’s CEO earlier attributed Q3 adverse development to the NJ market.
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By line of business, $35mn of the charge relates to commercial auto and $5mn to personal auto.
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The decision impacts 5% of the reinsurer’s North America P&C facultative premiums.
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Joseph Lacher will step down as president and CEO and resign from the board.
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Fronting doesn’t look any better when it’s broken down by segment.
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The jump in the latest estimate could be due to damage to seasonal properties only being recently discovered.
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While the Fed is more concerned with jobs, other macroeconomic concerns trouble the industry.
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Reinsurers will not back business indefinitely where loss ratios continue to exceed the industry by a wide margin.
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Persistent social inflation challenges evident across key long-tail lines at half-year mark.
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High H1 reserve releases of $7.4bn were driven by the largest of carriers.
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The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.
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Despite mild headline CPI, some insurance-related items are heading in a worrying direction.
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Commercial auto saw the largest rate change, which was down about a half point by the end of July to 7.96%.
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Appointments include leadership in transportation, energy, marine and others.
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Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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