2017 - Commentary on year-end financial results

U.S. economic activity rose somewhat in 2017 compared to 2016. Real GDP grew by 2.3 percent in 2017 vs. 1.5 percent in 2016—but, because of an unusually costly catastrophe year, the property/casualty (P/C) insurance industry’s $36.1 billion profit for 2017 was 15.8 percent lower than the $42.9 billion profit for the full year 2016.

Inflation Watch - March 2018

By Steven Weisbart, Chief Economist

 

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Inflation Watch - February 2018

By Steven Weisbart, Chief Economist

 

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Inflation Watch - January 2018

By Steven Weisbart, Chief Economist

 

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2017 - Commentary on first nine months financial results

For the first three quarters of 2017, the property/casualty industry’s financial results were profitable, but bore the effects of sharply higher catastrophe claims, compared to the comparable period for 2016.

Inflation watch - November 2017

By Steven Weisbart, Chief Economist

 

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Inflation watch - October 2017

By Steven Weisbart, Chief Economist

 

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Inflation watch - September 2017

By Steven Weisbart, Chief Economist
 

 

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Trends, Challenges & Opportunities in the P/C Insurance In Industry 2017 and Beyond

Robert P. Hartwig, Ph.D., CPCU, Special Consultant to the I.I.I. presented to J.D. Power Insurance Advisory Board in Chicago, IL on June 29, 2017.

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2017 - Commentary on first half financial results

Highlights

From an underwriting profitability perspective, 2017 will likely turn out to be a tough year. The first half of 2017 produced a $4.5 billion underwriting loss. Although some of this is attributable to 2017:Q1 results, the second quarter of 2017 also produced an underwriting loss. And thanks mainly to Hurricanes Harvey and Irma, the third quarter will likely deliver a third straight quarter of underwriting losses, making it especially hard to end the year with an underwriting profit.

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