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You are here: Home / Archives for American Property Casualty Insurance Association

U.S. Property/Casualty Insurance Industry Sees Slight Decline in Net Income During First Half of 2019

October 15, 2019 By CollisionWeek Editor

Property Casualty Insurance Net Income First Half 2019

Surplus sets new record as stock market recovers from downturn. Private U.S. property/casualty insurers’ net income after taxes and underwriting gains remained strong despite small declines compared with the prior year, according to Verisk (NASDAQ:VRSK) and the American Property Casualty Insurance Association (APCIA). Net income after taxes declined to $32.8 billion for the first half […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Combined Ratio, Earnings, Property Casualty Insurance, Verisk

P/C Insurers Report Strong First-Quarter Underwriting Results

June 28, 2019 By CollisionWeek Editor

P/C Net Income Q1 2019

Net written premiums down for first time since Great Recession. Private U.S. property/casualty insurers’ profitability as measured by their annualized rate of return on average policyholders’ surplus increased to 9.4 percent, the best first-quarter result since 10.8 percent in 2015, according to Verisk (NASDAQ:VRSK), the data analytics provider, and the American Property Casualty Insurance Association […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Earnings, Profitability, Property Casualty Insurance, Verisk

Automotive OEM and Aftermarket Associations Relieved Over Suspension of Mexico Tariff Threat

June 12, 2019 By CollisionWeek Editor

Mexico Tariffs

Auto industry and insurers already concerned about impact of tariffs on parts prices were concerned Mexico tariffs would have had enormous impact on costs and ultimately premiums. Several automotive industry association expressed relief that the U.S. and Mexico reached an agreement last week to remove the threat of U.S. tariffs on products from Mexico. The […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Auto Alliance, Auto Care Association, Mexico, Motor & Equipment Manufacturers Association, Tariffs

U.S. Property-Casualty Insurers Report 66% Increase in Net Income in 2018

May 7, 2019 By CollisionWeek Editor

Net Income After Taxes

Results driven by growth in premiums and decline in catastrophe losses. Private U.S. property/casualty insurers saw their net income after taxes rise to $60 billion in 2018 from $36.1 billion in 2017—a 66.3 percent increase—helped by double-digit premium growth and a significant decline in catastrophe losses, according to Verisk (NASDAQ:VRSK) and the American Property Casualty […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Earnings, Profitability, Property Casualty Insurance, Verisk

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