US commercial insurance rates continue upward trajectory – report

The truck repair industry is crucial in maintaining the U.S. transportation infrastructure by ensuring commercial trucks remain operational. As demand for reliable freight transport grows, the industry has seen steady expansion in recent years and is expected to continue its upward trajectory. Operating a truck repair shop involves servicing large vehicles such as on-highway, vocational,…

In comparison, Chubb achieved record net income of US$9.27 billion for FY2024, or US$22.70 per share, and core operating income of US$9.20 billion, or US$22.51 per share. Consolidated net premiums written were US$51.5 billion, up 8.7%, with global P&C up 9.6% and life insurance up 15.7%. The P&C combined ratio for the year was 86.6%….

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Net income for the quarter was US$274 million, or US$1.00 per share, compared to US$338 million, or US$1.24 per share, in the same period last year. Core income dropped to US$281 million, or US$1.03 per share, from US$355 million, or US$1.30 per share, year over year. Source link

This is according to Insurance Business’ recently released insights Data Hub, where the definition of “liability insurance” covers surety, credit, fidelity, and financial guarantee, protection against theft, regular and excess workers’ compensation, medical malpractice, medical professional liability (both claims-made and occurrence-based), product liability (both claims-made and occurrence-based), and other forms of liability insurance structured similarly….

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