So how did the insurance market do in 2010?

The property and casualty sector fared well for 2010; according to a report that was recently released. The financial report for the P/C industry gives the details for the sectors’ rate of return, underwriting, investment results, operating income, policyholder’ surplus and wrapping up with fourth quarter results. The policyholder’s surplus was up to 6.5 percent giving them a 0.6 percent increase from the previous year. This resulted from negative return rates for insurers in mortgage and financial securities, as well as low returns for other insurers. Although insurers net income…

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Today’s Insurance Industry News

The American Association of Insurance Services (AAIS) held a conference this month with insurers in the property and casualty sector. The VP of federal affairs for the Property Casualty Insurers Association of America (PCI) spoke to the group about topics current and pending, in Congress, that may affect the industry. Lobbyists see no immediate issues that will have a direct effect on PCI members or the industry. However, there are a few things to keep a watch on concerning health care, the antitrust act and the National Flood Insurance Program.…

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