The U.S. property/casualty industry recorded $31.2 billion in net underwriting income in the first half of 2026, nearly three times the $10.9 billion posted in the same prior-year period, according to a new AM Best report. The industry’s combined ratio improved four points to 92.5. A combined ratio below 100 indicates an underwriting profit. Incurred […]
Manitoba Public Insurance Expects Record Claims, Phased Repair Response After Severe Storm
Manitoba Public Insurance has received about 20,000 claims since a severe storm swept the Canadian province June 9, a total the public auto insurer expects to become the most it has ever recorded from a single event. The Crown corporation said the count is on pace to surpass its previous single-event record of about 24,000 […]
U.S. Property/Casualty Industry Posts $35 Billion Underwriting Gain Through September
The U.S. property/casualty insurance industry recorded a $35 billion net underwriting gain in the first nine months of 2025, up from nearly $4 billion during the same period last year, according to a new AM Best report. The improvement was driven by lower catastrophe losses during the third quarter and continued premium growth Net premiums […]
CCC Second Quarter Crash Course Report Examines Growing Impact of Severe Weather Events on Auto Insurance and Collision Repair
CCC Intelligent Solutions Inc. (NASDAQ: CCCS) today published its Crash Course Q2 2024 Report. This edition examines how severe weather events, particularly hurricanes and convective storms, are impacting the auto insurance and collision repair industries, and provides updates on data, insights, and trends impacting auto claims and repairs. The report is based on information derived […]
State Farm Mobilizes Catastrophe Response to Last Week’s Tornadoes and Severe Weather
Iowa, Nebraska, Oklahoma & Texas among the hardest hit states. State Farm announced its catastrophe claim response team members are responding to assist customers affected by the recent severe weather affecting several states, including devastating tornadoes in Nebraska, Iowa, Oklahoma and hail storms in Texas last week. Over 650 auto claims were filed in the […]