From a profitability perspective, 2018 will likely turn out to be a good year—maybe the best in more than a decade, in part because it started out quite well. The first half of 2018 produced a $6.0 billion underwriting gain vs. a $4.6 billion loss in the first half of 2017. It is too soon, however, to know how the storms of the third quarter will affect full-year underwriting results, but at the least this first-half profit will moderate any underwriting losses that emerge.
UNINSURABLE RISK- Risks for which it is difficult for someone to get insurance. (See Insurable risk )
ASSIGNED RISK PLANS- Facilities through which drivers can obtain auto insurance if they are unable to buy it in the regular or voluntary market. These are the most well-known type of residual auto insurance market, which exist in every state. In an assigned risk plan, all insurers selling auto insurance in the state are assigned these drivers to insure, based on the amount of insurance they sell in the regular market. (See Residual market )See Full Glossary
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com New York Press Office: (212) 346-5500; email@example.com NEW YORK, October 11, 2018 — Reporters covering Hurricane Michael’s aftermath are encouraged to contact the Insurance Informatio… Read More
FOR IMMEDIATE RELEASE New York Press Office: Michael Barry, 917-923-8245, firstname.lastname@example.org Florida Press Office: Lynne McChristian, 813-480-6446, email@example.com Georgia Press Office: Bill Davis, 770-331-9279, firstname.lastname@example.org TALLAHASSEE, FLORIDA, October 9, 2018 –Reporters covering Hu… Read More