Market News
US Property-Casualty Industry Posted $8.2 Billion Q1 Underwriting Loss
The US property-casualty insurance industry experienced an $8.2 billion net underwriting loss during the first quarter of this year, according to A.M. Best. During the same period in 2022, the US property-casualty industry posted a $3.4 billion gain, the rating agency said. Read More
Core Specialty Uses Acquisition To Form Medical Stop-Loss Division
Core Specialty Insurance Holdings, Inc., and its subsidiaries announced that it will form a medical stop-loss division through the acquisition of the managing general underwriter/stop-loss business of American National Group. Jim Stelling will join Core Specialty as president of the newly formed medical stop-loss division. Read More
Survey Finds Commercial Insurance Price Increases Accelerated in Q1
US commercial insurance prices continued to increase during the first quarter of this year, rising 5.6 percent, according to Willis Towers Watson's Commercial Lines Insurance Pricing Survey. The first quarter’s commercial insurance price increase was up from the 4.8 percent increase during the fourth quarter of 2022. Read More
US Cyber-Insurance Market Saw Dramatic Premium Growth in 2022
The US cyber-insurance market saw direct premiums increase by 50 percent in 2022 to $7.2 billion, while improved loss ratios demonstrated insurers' increased underwriting discipline, according to a report from A.M. Best. Cyber market growth has outpaced that of the broader commercial lines insurance market by a wide margin. Read More
June "CICR" Analyzes Significance of Dobbs Case
Don't miss the June issue of "Captive Insurance Company Reports" ("CICR"), which takes a look at the US Supreme Court's recent ruling in Dobbs v. Jackson Women's Health Org., 142 S. Ct. 2228 (2022), and associated litigation. Read More