Dec 08, 2023 09:21 AM (EST)
The U.S. property/casualty industry recorded a $32.2 billion net underwriting loss in the first nine months of 2023, $7.6 billion worse than the underwriting loss posted in the same prior-year period, according to a new Best's Special Report.
Dec 05, 2023 08:26 AM (EST)
AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance for 2024, citing in part the segment’s persistently strong underwriting results throughout the pandemic.
Dec 07, 2023 09:37 AM (EST)
Private equity-owned insurers increased their stake in the industry’s admitted assets in 2022 by more than 15% on a year-over-year basis, according to a new AM Best special report.
Dec 04, 2023 08:07 AM (EST)
AM Best is maintaining its negative market segment outlook on the U.S. personal lines insurance segment for 2024, citing the ongoing deterioration in results for the personal auto and homeowners’ lines of business.
Dec 08, 2023 01:29 PM (EST)
Insurance companies and related industries continued their hiring ways in November, adding an unofficial 1,500 jobs to the sector, the U.S. Bureau of Labor Statistics said.
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