Broker and commercial carrier trends align on economic indicators but diverge on stock performance and 2023 consensus estimates.

Five auto insurers receive approval to raise rates after 32-month halt by the California Department of Insurance.

Axis has reported good results as it heightens its focus on specialty business, but it remains to be seen if it can close the value creation gap.

Price-to-book multiples for insurers have increased materially over the last two years, but drops in equity partially drove the increase due to unrealized losses.

Receivership has been historically lower in the past 20 years, but trouble in Florida breaks away from the overall P&C industry trend.

While Allstate may be beyond the worst of the reserve charges, execution of initiatives needs to go smoothly for it to get back on track.

Across the P&C industry, sentiment expressed on Q3 conference calls has improved since pandemic lows.

Floridians had a hard quarter, but they are fighting to regain stability after Ian.

The regionals continue to find success in small and middle market business, as their pivot to a commercial focus has benefitted them.

Progressive’s superior digital distribution and widening auto margins put it far ahead of the competition.

Axis’ pivot away from property reinsurance comes just as the sector reaches one of the biggest inflection points.

Some reinsurers are in “business as usual” mode after Hurricane Ian, while others are pausing to assess the event, as it is too early to tell how cat risk appetite will change, the broker said.