Progressive

Inside P&C’s news team runs you through the key highlights of the week.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

In March, there were 280,000 civil lawsuits filed in Florida industry-wide, up nearly 130% since the all-time high of May 2021.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Progressive booked a $621.2mn adverse development, compared with a $190.8mn reserve charge in Q1 2022.

Travelers posts strong results boosted by better pricing, personal lines performance, and favorable development.

Inside P&C’s news team runs you through the key highlights of the week.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Although year-over-year headline CPI has decreased a bit, CPI levels pertaining to insurance are on the rise.

The carrier booked unfavorable prior accident year reserve development of 3.4 points, driven primarily by its personal auto products related to recently passed legislation in Florida.

The new 2022 stat data shows personal lines premium has grown year-over-year, but the loss ratios have been hit hard by catastrophes and loss cost inflation.

The latest statutory data release shows commercial carriers continued to benefit from the extended pricing cycle and exposure growth propelled by inflation, although growth slowed year-on-year.