APCIA News
Insurers Take Credit Score Battle to Washington Supreme Court
Insurer groups last week sought to take their battle with Washington Insurance Commissioner Mike Kreidler to the Supreme Court of Washington. The American Property Casualty Insurance Association, the ...
Data Points: Attorney Impact on Commercial Auto Losses
Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the proportion of claims that had attorney involvement increased to nearly 30 ...
APCIA Presents Findings From Diversity, Equity and Inclusion Catalog
The American Property Casualty Insurance Association (APCIA) and Dr. Leroy Nunery II, founder and principal of PlūsUltré and president of Evolution Advisors LLC, announced they would present the ...
Insurers See Victory in Infrastructure Bill’s Embrace of Marijuana Impairment Research
The $1.2 trillion infrastructure bill that became law last week earmarks billions for projects to improve safety for cars and trucks and protect properties from floods and wildfires. But one of the ...
Strong Gains as U.S. P/C Insurers Emerge From the Pandemic
U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24.3 billion the year before, with gains coming as the country continued to recover from ...
Credit Scoring: Insurers Assert New Data Validates Its Use to Predict Risky Driver Behaviors
The insurance industry says it now has hard data proving that if you have a bad credit score, you're more likely to slam on the brakes or step hard on the gas. The same is true, they say, if you're ...
U.S. P/C Net Income Grows to $20B in Q1, but Combined Ratio Worsens: APCIA/ISO Report
U.S. private/casualty insurers saw their net income after taxes jump to $20 billion in the 2021 first quarter, but their combined ratio worsened compared to the same period a year ago, according to a ...
Major Insurer Group Defends Ransomware Reimbursements in New Cyber Principles
The nation's largest property/casualty insurance organization is defending ransom payment reimbursements by insurers in a new set of principles stressing that the insurance industry wants to partner ...