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Personal automobile insurance: More accidents, larger claims drive costs higher
October 17, 2016

... two years, both the accident rate and the size of insurance claims have climbed dramatically. These are the largest and most volatile ...


Hurricane Andrew and ̽»¨¾«Ñ¡: The Enduring Impact of an Historic Storm
March 19, 2020

... attributed to the costliest Florida disaster. ̽»¨¾«Ñ¡ claims payouts for Andrew totaled $15.5 billion at the time ($25 billion in ...


Mobile home insurance
March 13, 2020

... or their property is damaged because of your activities. Claims might include medical expenses, lost wages, pain and suffering, and even property damage to others (liability coverage does not pay claims for injuries to you or the members of your household). The amount of ...


Global Macro And ̽»¨¾«Ñ¡ Outlook
March 6, 2020

... infection and death rates to determine scale of increases in claims; Lower interest rates and equity returns will drive industry’s ROI and ...


2019 - Commentary on first nine months financial results
January 17, 2020

... the degree of competition, market regulation and expected claims—also can play a significant part. Underwriting results The ... consider them as having three components: (1) catastrophe claims and adjustment expenses; (2) non-catastrophe claims and adjustment ...


Natural Catastrophe Webinar 2013: Key Topic Summary
November 20, 2019

... Nebraska, Georgia, Illinois and Louisiana. Industry claims paying capital stands at a record high in late 2013. Both the ... $1 of surplus for every $0.78 of NPW, close to the strongest claims-paying status in its history. Surplus as of 9/30/13 stood at a record ...


Background on: Climate change and insurance issues
November 1, 2019

... in the future. Property losses may include not only claims for structural damage – such as broken windows, a hole in the roof, ... commercial liability policies to protect themselves from claims of negligence that result in bodily injury, property damage, and ...


2019 - Commentary on first half financial results
October 16, 2019

... ($34.0 billion). Surplus—capacity to accept unexpected claims—rose by 5.4 percent, passing the $800 billion mark ($802.2 billion). ... saw net premiums written grow 2.4 percent. Incurred claims Incurred losses and loss-adjustment expenses in 2019:1H rose by 5.7 ...


2019 - Commentary on first quarter financial results
October 4, 2019

... went well. Although there were some bumps in the road—claims rose somewhat faster than premiums—most measures of financial results ... effect of changes in reserves for future payment of previous claims that are still not finalized—that is, current-year effects of ...


2018 - Commentary on year-end financial results
October 4, 2019

... that was partly because of changes driven by a new tax law. Claims paid and incurred grew slowly, but that was because the base year—2017—was an especially bad year for catastrophe claims. Both investment income and realized capital gains rose but the gains ...