Inflation, High Interest Rates, and Catastrophes Contribute to 2023 Underwriting Loss for P&C Industry, New Triple-I/Milliman Report Shows

By NEW YORK, November 02, 2023–(BUSINESS WIRE)–The 2023 net combined ratio for the property/casualty industry is forecast to be 103.8, in part due to severe convective storm losses being the highest in decades. Hard markets continue with 2023 net written premium growth forecast at 8.3%, according to the latest underwriting projections by actuaries at the…

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Thousands of Virginians still waiting for unemployment claims to be reviewed

The Virginia Employment Commission revealed the agency has drastically reduced the number of fraud unemployment claims, while other types are trending in the opposite direction. The Virginia Employment Commission revealed the agency has drastically reduced the number of fraud unemployment claims, while other types are trending in the opposite direction. See the entire article on…

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