“We’re the only $60 billion industry in America that charges $30 billion for our work” say Tony Lombardozzi and Peter Abdelmaseh, owners of Superare Advertising + Marketing Agency in Belmont, Mass., and they believe auto body repair shops have been offering a “perpetual half-price sale” for decades and don’t have to do that anymore! Two […]
Property/Casualty Insurers More Profitable in First Nine-Months of 2015
Net written premiums and investment income both up. Profitability measure grows 1.2 percentage points. Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus growing […]
Auto Physical Damage Insurance Underwriting Profit Declining Over Past Decade
Latest statistics from the National Association of Insurance Commissioners indicates that the percentage of premiums going to pay losses increasing. Data contained in the National Association of Insurance Commissioners (NAIC) report on profitability by insurance line in 2014, released on December 31, 2015, illustrates the increasing percentage of underwriting dollars going to pay claims on […]