Browsing: APCIA

Insurance trade groups express concern that a Florida House bill could undermine recent reforms aimed at controlling legal costs in insurance disputes.

The American Property Casualty Insurance Association (APCIA) released a report highlighting the challenges and opportunities for insurers as electric vehicle (EV) adoption increases in the US.

The US property and casualty (P&C) insurance sector saw a significant turnaround in 2024, generating substantial profits after a challenging 2023. This recovery was fueled by premium growth, improved loss control, and strategic adjustments in the face of persistent economic and environmental pressures.

Despite facing significant challenges, the U.S. insurance industry demonstrated resilience in 2024, achieving its first underwriting gain in four years, alongside improvements in key financial metrics.

Recent reforms and market stabilization are leading to lower homeowners and auto insurance rates in Florida, according to Governor Ron DeSantis.

A consumer advocacy group disputes the insurance industry’s claims that litigation is the primary cause of rising property and casualty insurance rates.