Insurance News

Posts Tagged ‘declines

OLDWICK, N.J.?Although the U.S. property/casualty insurance industry’s risk-adjusted capitalization declined 17 percentage points in 2008, the industry remains adequately capitalized to support its asset, credit and underwriting risks, according to a new A.M. Best report.

The Oldwick, N.J.-based ratings agency attributed the capital decline to the compound effects of the financial crisis, the fourth-highest year on record for U.S. catastrophe-related Read the rest of this entry »

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Erie Insurance ranks highest among auto insurance companies in satisfying new buyers with the purchase experience for a second consecutive year, according to the J.D. Power and Associates “2009 Insurance Shopping Study” released June 23.

With a score of 893 on a 1,000-point scale, Erie Insurance ranks highest and performs well across all three factors driving satisfaction”distribution channel, price, and policy offerings. American Family Read the rest of this entry »

The soft property/casualty market may be approaching its end, according to a survey announced Monday by consultant Towers Perrin.

Overall, U.S. commercial property/casualty prices declined less than 1% during the first quarter of 2009, according to Towers Perrin’s Commercial Lines Insurance Pricing Survey.

The decrease was the smallest decline in commercial property/casualty insurance prices in four years, providing “increasing Read the rest of this entry »