III News
P/C Insurer Net Income Over $55B for 2014: ISO/PCI Report
Net income for U.S. property/casualty insurers totaled $55.5 billion after taxes last year, coming as little surprise to experts who had forecast a $50-billion-plus result early this year. In early ...
Hartwig Defends WC Insurers in Rebuttal to ProPublica Exposé
The president of the Insurance Information Institute, Robert Hartwig, is the latest industry participant to offer a rebuttal to a series of critical articles about the workers compensation system. A ...
P/C Industry Profit Estimated at Over $50B for 2014
Overall profit for the U.S. property/casualty insurance industry should pass the $50 billion mark for 2014, according to estimates presented by the president of the Insurance Information Institute on ...
Insurance Coverage Basics for Volcano Claims
Damage caused to property by lava flow, which recently started to move again on Hawaii's Big Island, is covered under a homeowners, renters or business insurance policy, according to the Insurance ...
PCI, III React to Climate Change Report Slamming Insurers
A report on the insurance industry released last Wednesday shows "a profound lack of preparedness in addressing climate-related risks and opportunities." Insurance industry representatives ...
Report: P/C Companies Persevered in Q1, Despite Storms and Other Obstacles
Property/casualty insurers in the U.S. made money in the 2014 first quarter even as many key indicators dipped, reflecting industry struggles caused, in part, by a tough winter. Net income after ...
Premium Growth Continues for 14th Straight Quarter, WC to Lead in 2014
Although the growth in industry total net property/casualty insurance premiums slowed in the third-quarter, an unbroken string of quarterly hikes is longer than a prior period of back-to-back ...