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Inside P&C’s news team runs you through the key highlights of the week. -
The surge of demand combined with capacity constraints has led to pricing increases across the board.
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April auto insurance premium data showed the second highest YoY change in more than 20 years.
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With ongoing problems in sourcing low-tier reinsurance capacity, rates are expected to build on last year’s gains.
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InsurTech carriers pivot to profitability vs growth.
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All eight major market segments had seasonally adjusted prices that were lower year over year in April.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The regional cohort keeps pace with nationals on pricing, and stays ahead on reserving trends.
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Personal lines rates ticked up in April compared to the prior month as insurers try to stay ahead of rising loss costs.
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Progressive booked a $621.2mn adverse development, compared with a $190.8mn reserve charge in Q1 2022.
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The new independent program manager will serve HNW and ultra-HNW markets and is expected to begin producing business in Q3 2023.
