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.

Auto Insurance, Insurance industry, Automobile insurance, 1994 AD

---

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.

Fire & Theft Insurance, Industry Overview, Business insurance, Homeowners' insurance

---

Similar abstracts:

• 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

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.