S&P Global Market Intelligence News
Improved Auto Insurance Results Coming—But Not Soon Enough: S&P GMI
Strong rate hikes fueling nearly a 16 percent in direct written premiums for U.S. private passenger auto insurers will bring the industry combined ratio down from a "worst-in-decades" result for ...
P/C Market Won’t See Underwriting Profit Until ’24; Outsized Growth Expected
After four years of unparalleled underwriting profitability ending in 2021, the P/C market is headed for a second straight year of underwriting losses, according to the newly released S&P Global ...
Wait ‘Til Next Year: Auto Profit Unlikely to Return in ’23, S&P Says
In spite of continued actions to raise prices of coverage, auto loss costs continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard ...
State Farm Will Start Hiking Auto Rates, Allstate CEO Predicts
Allstate's chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year, and he expects the carrier's largest mutual competitor—State Farm—to move ...
U.S. E&S Premiums Continue Growth in 2022: S&P
According to an analysis by S&P Global Market Intelligence, the U.S. excess and surplus market continued to grow in 2022, surging $37.6 billion in premiums during the ...
Pandemic Challenges Driving Auto Insurers Further Into a Hard Market
A microchip shortage. Logistics industry backlogs. Supply and labor challenges. Worsening driver behavior. Social inflation. These are just a few challenges the auto industry is currently grappling ...
U.S. Insurers Made Slow Diversity Gains Over Last Decade: S&P Global
Diversity in the U.S. insurance industry has made only modest gains over the last 10 years, according to government data compiled by S&P Global Market Intelligence. S&P found that the ...
U.S. Auto Combined Ratios Will See Sharp Improvement in 2020: Report
In a report, S&P Global Market Intelligence is projecting that U.S. personal and commercial auto insurers will see a sharp improvement in their full-year combined ratios for 2020, followed by ...