In industry news:

A new report from S&P Global Ratings says that this year will be a turning point for the U.S. property/casualty (P/C) insurance sector, as rising claims outpace pricing and reserve releases materially decrease, but it will not be a “softer for longer” rate cycle for the sector. The sector’s 2017 earnings picture “isn’t too pretty,” says the report, titled, “Getting Over The Potholes: U.S. P/C Insurance Sector Outlook Remains Stable.” S&P analysts write that they expect the combined ratio to top 100 in 2017 and interest rates to remain historically low.

Read further coverage via Insurance Journal here.

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