property and casualty insurance news Archives

Property and casualty insurance rates increased by 5 percent last month

May 11, 2013May 25, 2013 G. Turner

Property insurance News commercial P&C insurance

According to MarketScout data, the prices rose in April for policyholders of commercial products. According to a report from MarketScout, the rates for commercial property and casualty insurance rose by an average of 5 percent in April 2013, when compared to the rates that were being charged a year before. It was workers compensation and commercial property that saw the largest increases over a year. The commercial property and casualty insurance and workers compensation saw a combined average rate increase of 6 percent. Surety and employment liability coverage each increased…

Property and casualty insurance industry in the U.S. sees massive income increase

January 5, 2013April 30, 2013

The net income for this sector has doubled when compared to the same period the year before. A report on the property and casualty insurance industry has indicated that compared to 2011, when the first nine months brought in a net income of $12.3 billion, the first nine months of 2012 saw well over double that amount at $31.2 billion. Though this does not include Hurricane Sandy data, the report believes that will have “only a modest impact”. The report was created by A.M. Best, and was entitled “U.S. P/C…