Property and casualty insurance sees largest ever Q1 statutory underwriting loss

Property and Casualty Insurance - net loss

Personal lines resulted in the US industry experiencing its first and biggest Q1 net loss in over a decade. Low personal lines have caused the US property and casualty insurance industry to experience the largest underwriting loss on record and its first in 12 years, according to a new data analysis of statutory financial statements by S&P Global market Intelligence. The analysis was a preliminary calculation based on the underwriting losses of P&C insurers. According to S&P Global Market Intelligence’s preliminary calculations, property and casualty insurers in the United States…

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Blackcomb Consultants Records Its Most Successful Year in Business

insurance industry news

2018 Revenue Results, New Client Additions and Successful Launch of New Service Offerings Propel Company into Next Phase of Growth Chicago, IL October 11, 2018 – Blackcomb Consultants, an international consulting firm and enterprise technology partner for Property and Casualty insurers, announced that 2018 will be the company’s most successful year ever. CY 2018 revenue will be at its highest level in the company’s history, and double digit growth is forecasted to continue in 2019. The company has grown its aggregate client base to 30+, and has completed over 40…

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Ohio’s Insurance Institute releases new report regarding recent storms: Losses up to $500 million

Since an onslaught of major storms in April and May, the Ohio Insurance Institute has been busy collecting data and has recently released a new report in that accounts for a storm that ran through the state earlier this month. The Institute, comprised of property and casualty insurers, usually only issues reports regarding insured losses if they exceed $25 million. This new report is the sixth the Institute has release this year, showing that the devastating effects of storms that occurred months ago linger. According to the Institute’s survey, more…

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