Automation has been a part of the workers’ compensation and auto casualty industries for years, but today, a large opportunity still remains to increase automation in the claims process. The future of automation in the Property and Casualty industry is …
Private U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, growing premiums, and an increase in investment income, …
The low inflation rate is a contributor to the property/casualty industry’s continued strong overall reserve position despite continued releases, according to a new study by Conning. “The Property-Casualty industry’s reserve adequacy remains stable in spite of additional reserve releases during …
Failure to handle claims within specified time frames and using unapproved forms and rates are the top two criticisms of property/casualty insurers by market conduct regulators, according to a new report. Waltham, Mass.-based Wolters Kluwer Financial Services reported its annual …
Although demand surge was an issue for the property/casualty industry following a trio of hurricanes in 2005, for Superstorm Sandy the demand-surge impact is minimal so far, an expert said recently. There has only been a price impact of 2 …
Leaders of the property/casualty insurance industry believe Washington’s ongoing budget fracas will have an effect on the U.S. economy, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 17th annual Property/Casualty Insurance Joint Industry Forum, held …
Now that the year 2011 is behind us, let’s take a look at what might be ahead. Insurance Journal spoke with leading industry professionals and asked them what they are expecting this year. If their forecasts are any guide, 2012 …