P/C insurers News
P/C Insurers’ Stocks Drop as Los Angeles Wildfire Losses Mount
U.S. property and casualty insurance stocks slid in pre-market trading on Friday on worries over the billions of dollars in potential catastrophe-related claims from the wildfires menacing Los ...
U.S. P/C Insurers’ See Slump in Shares as Hurricane Season Losses Mount
U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its path towards Florida's western coast, marking yet another costly ...
Insurers to Play a Critical Role in Pioneering Ethical AI: Report
A new report explores insurers' cross-industry opportunity to influence the responsible development, use of artificial intelligence (AI) and help establish regulatory best practices. The report, ...
Strong Competition, Claims Inflation Confront UK P/C Insurers: A.M. Best
Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had ...
P/C Insurers, Reinsurers Face Earnings Volatility Due to New Accounting Requirement: Fitch Ratings
Many insurers and reinsurers are facing some earnings volatility in 2018 due to a change in accounting requirements for equity securities, Fitch Ratings said in new market commentary. According to ...