Wildfire has long been part of California’s landscape and insurers understand that this risk is increasing. The 2018 wildfires resulted in $12 billion in insured losses becoming the costliest fires in state history.
Private U.S. property/casualty insurers saw their net income after taxes rise to $60 billion in 2018 from $36.1 billion in 2017—a 66.3 percent increase—helped by double-digit premium growth and a significant decline in catastrophe losses, according to ISO, a Verisk (Nasdaq:VRSK) business, and the American Property Casualty Insurance Association (APCIA).
The American Property Casualty Insurance Association (APCIA), the Insurance Careers Movement (ICM), and AM Best, today announced that nominations are open for the Emerging Leaders Conference to recognize the brightest rising talents in the insurance industry.
Today’s passage of Assignment of Benefits reform is a victory for Florida’s homeowners and should help stop the abusive and fraudulent practices that have been harming consumers and driving out-of-control litigation, the Consumer Protection Coalition said.
The American Property Casualty Insurance Association today issued the following statement, attributed to its Regional Manager of State Government Affairs Logan McFaddin, regarding Senate Bill 122, by Senator Doug Broxson (R-Gulf Breeze), relating to Agreements Between Service Providers and Consumers, passing the Senate Rules Committee.
April 20 is National Weed Day, and according to JAMA Internal Medicine, traffic fatalities are 12 percent more likely on 4/20 after 4:20pm than on the same day one week before or one week after. The American Property Casualty Insurers Association (APCIA) warns all drivers to be especially cautious on the road this weekend.
April is Distracted Driving Awareness Month, as designated by the National Safety Council (NSC), and the American Property Casualty Insurance Association (APCIA) is joining the nationwide effort to promote driver and pedestrian safety and reduce auto crashes and fatalities from distraction.
We applaud members of the Florida House for advancing House Bill 7065 to Third Reading on the House floor today. However, it is unfortunate that addressing assignment of benefits lawsuits as it pertains to auto glass has been stripped from the bill.
As fire crews continue to battle wildfires, the American Property Casualty Insurance Association (APCIA) today urged Florida homeowners and renters to evacuate if instructed to do so and contact insurance companies immediately if impacted by the wildfires.
A recent report produced by Milliman, Inc. has revealed that subrogation litigation being brought by the Mississippi Attorney General more than 12 years following Hurricane Katrina could end up costing homeowners up to $55 million annually.