State Farm

High-impact rate filings in California have driven increases nationwide.

The new 2022 stat data shows personal lines premium has grown year-over-year, but the loss ratios have been hit hard by catastrophes and loss cost inflation.

Rate action for personal auto insurers has been increasing in 2023 to balance rising loss cost trends

Personal lines insurers see a vastly different outlook in 2022 than 2021 and their reserve development reflects this.

Inside P&C’s news team runs you through the key highlights of the week.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The personal lines giant is closely watched as a bellwether for the size of the overall homeowners loss.

Hurricane Ian’s total effect is still unknown, but lessons from Hurricane Irma give insight into potential outcomes.

If current forecasts prove accurate, this will be a pivotal moment for the already off-balance Florida cohort and could result in a new market landscape.

Claims analysis shows slow reactions to negative trends can affect several quarters, but carriers who emerge strong will be able to pursue growth faster than the competitors who are always playing catchup on loss cost trends.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Market sources are suggesting inflation could require a wider group of US cedants to buy $10bn-$20bn of additional cat coverage for 2023.