Hurricane Milton’s Impact Limited for U.S. P&C Insurers and Global Reinsurers
Hurricane Milton is not likely to affect credit for rated property and casualty insurers and global reinsurers given very strong capital levels
Property & Casualty Insurance
Property & Casualty Insurance (P&C) covers two primary types of risks: property and liability. Property insurance protects against damage to or loss of physical assets, such as homes, cars, and businesses. This includes coverage for events like fire, theft, and natural disasters. Liability insurance, on the other hand, provides financial protection against claims of negligence or harm caused to others. This includes coverage for legal expenses and compensation for damages.
P&C insurance is essential for individuals and businesses to manage risks and safeguard assets. It ensures that in the event of a loss or liability claim, policyholders receive financial support to mitigate the impact. Policies can be tailored to specific needs, offering varying levels of coverage and exclusions.
Understanding the details of P&C insurance helps individuals and businesses make informed decisions about their coverage needs. By comparing policies, coverage options, and costs, they can select the insurance that best fits their requirements. This review category on Beinsure Media provides insights into different P&C insurance offerings, helping users navigate their choices effectively.
Artificial Intelligence Promises to Revolutionize P&C Insurance Industry
Artificial intelligence promises to revolutionize how P&C insurance business gets done. The exact ways AI will influence business are unknown
2024-2025 U.S. Property and Casualty Insurance Industry Outlook
U.S. property and casualty (P&C) insurance industry achieved its best underwriting performance in over 15 years in 2024. The industry has turned a corner
2024 Mid-Year Results: North American P&C Insurer Underwriting Performance
The mid-year 2024 results for North American property and casualty insurers indicate strong operating returns across sectors. Improved underwriting results and higher investment income
US Property & Casualty Insurance Set for 2024 Profit Boost
The U.S. property and casualty insurance market is set for a return to underwriting profitability and significant improvements in return on capital
U.S. P&C Insurance Market Q2 2024: Earnings Recap
The intensity and spread of inflation is sending insurance claims costs soaring. Strong rate hardening in US commercial insurance lines and acceleration in personal lines rates
US Property & Casualty Insurance: P&C Insurance Pricing Trends
The intensity and spread of inflation is sending insurance claims costs soaring. Strong rate hardening in commercial insurance lines and personal lines rates support topline growth
US P&C Insurance Market Underwriting Results Improves
US property and casualty P&C industry underwriting results are likely to improve in 2024 as premium rates rise significantly in underperforming auto
Most expensive US P&C and Life Insurance Companies in 2023
US property and casualty insurance companies had a median price-to-estimated earnings multiple of 12.1x
U.S. Homeowners Insurance Results: Premium Growth & Underwriting Loss
U.S. homeowners’ insurance is poised to post a statutory underwriting loss for reported results, as insurers continue to face above-average catastrophe losses
Biggest Challenges Facing US Auto & Home Insurers: Slow Growth & Inflation
Slow underlying growth and inflation are among the biggest challenges facing U.S. auto, home, and business insurers
Why Casualty Insurance has seen a decline in coverage and pricing?
Casualty insurance has seen a decline in coverage and pricing in the 2023, with both of them presenting potential challenges to the insurance market
Rough Year for Many US Auto, Property and Casualty Insurers
The US P&C industry recorded a net underwriting loss of $26.5 billion, worsening by $21.5 billion from the previous year
Global Commercial Property & Casualty Insurance Market Review
Global commercial property and casualty (P&C) insurance lines have delivered strong financial performance in recent years following the soft market of 2013 to 2018
U.S. Property & Casualty Insurance Market Results & Performance
U.S. Property & Casualty (P&C) insurers should see stabilizing to modestly better industry operating performance
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
Hurricane Helene’s recent destruction underscores the rising flood risk impacting local economies and tax bases in the Eastern and Southern United States
Changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority strengthen Australian general insurers’ credit profiles
European insurers' ratings will remain unaffected by the proposed capital surcharges on fossil fuel-related assets, according to EIOPA