Insurers See Record Profits In Q1 2015

Tuesday, July 21st, 2015 Auto Catastrophe Liability Property Workers' Compensation

Profitability in the property/casualty insurance industry reached historic heights during the first quarter of 2015, according to a new report from Verisk Analytics’ ISO and the Property Casualty Insurers Association of America. Despite challenging obstacles such as a severe winter, slackening economic growth and low interest rates, P/C insurers managed to bring in $18.2 billion in net income during the first part of the year. That exceeds the previous high for a first calendar quarter by $3.8 billion and represents the highest first quarter net income in a generation since ISO began tracking performance in the mid-80s.


External References & Further Reading
http://www.ibamag.com/news/insurers-hit-record-income-levels-despite-challenging-environment-23271.aspx
SOS Ladder AssistMid-America Catastrophe ServicesAspen Claims ServiceWeller SalvageNationwide Overspray