From underwriting losses to how rising premiums are increasing the number of uninsured drivers on the road, September articles delved into the ramifications of the hard market.
It's fall, y'all, and while the leaves may be on their way down, underwriting losses, premiums, and capacity concerns sure aren't. September's articles explored the ramifications of the hard market, from finding coverage solutions to how rising premiums are increasing the number of uninsured drivers on the road.
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Here are the most-read articles on iamagazine.com for September:
5) 2023's First-Half P&C Underwriting Loss Just $2 Billion Below Loss for All 2022
By AnneMarie McPherson Spears
Rising loss costs, above-average catastrophe activity, and the struggling personal lines segment—especially homeowners insurance—were factors listed as contributing to the losses.
4) Where Did All the Workers Go?
By Claudia St. John
Business owners mistakenly believe that there is a pool of workers waiting to be convinced to rejoin the workforce. That pool doesn't exist.
3) Finding Solutions as Carriers Reduce Capacity in the Hard Market
By Olivia Overman
Last month, California Insurance Commissioner Ricardo Lara announced his Sustainable Insurance Strategy to improve capacity and offer rate relief.
2) The Hard Market Puts the Classic Car Market to the Test
By Olivia Overman
A surge in classic car values—primarily due to rising inflation and exchange rate variability—means that owners are facing insurance-related issues.
1) Number of Uninsured Drivers Increases as Rates Rise 5.9% in H1 2023
By Will Jones
As personal auto insurance rates continue to accelerate upward, some drivers are taking to the market to find cheaper rates—while others are choosing to drive without coverage.
Compiled by AnneMarie McPherson Spears, IA news editor.