Auto insurance industry joins call for action on unsafe driving behaviors as accident frequency increases over the past two years. The United States (U.S.) Department of Transportation’s (DOT) National Highway Traffic Safety Administration (NHTSA), the National Transportation Safety Board (NTSB), California Highway Patrol (CHP), the California Office of Traffic Safety (OTS), and Impact Teen Drivers […]
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 […]
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