1994 results hold steady with stable losses
Article Abstract:
Both private passenger and commercial automobile insurance lines registered strong performances in 1994, with combined ratios of 105.7 and 108.8 respectively. Direct premiums climbed 4.5% to $116.4 billion, with major improvement in the private passenger auto segment. State Farm Group led total auto insurance underwriting, with $22.3 billion in 1994 direct premiums, and also the private passenger segment, with $21.7 billion. CNA Insurance Cos led the commercial auto segment, with $706 million in direct 1994 premiums.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1995
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Losses surge in 1994 to $16 billion
Article Abstract:
Catastrophe losses reached $16 billion in 1994, the second highest year in losses after 1992 when losses reached $22 billion because of Hurricanes Iniki and Andrew. Homeowners' insurance premiums increased to $24.2 billion in 1994, a growth rate of 6.8%. Homeowners' insurance premiums were responsible for 9.2% of the total volume for the property/casualty insurance industry.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Insurers need help with catastrophe losses. Watching over the Magic Kingdom. Underinsurance remains widespread problem
- Abstracts: The origins of the problem. Bond portfolios beefed up in 1994. Under pressure, but under control
- Abstracts: Casualty claims service need not be a gamble. Restoration is an option in settling claims. Red flags can signal claims to investigate
- Abstracts: Program business delivers custom made market. Selling to America's rainbow. Following the leaders
- Abstracts: Three steps that can improve the industry's image. A fickle court of public opinion. Industry should promote its public service role