Loss ratio of P/C insurance in the U.S. 2009-2015
In 2015, the loss ratio of property/casualty insurance in the United States was an estimated 58.5 percent.
Property and casualty insurance
General insurance, known as property and casualty insurance in the United States, covers non-life insurance policies. It covers property that is at risk of damage. Some policies include homeowners insurance, car insurance, condo insurance, renters insurance, and landlord insurance. For homeowners insurance, it is utilized when an individual suffers on a property as a result of the owner’s negligence. The homeowners insurance would cover the medical fees if the victim had to go to the hospital. If the victim decided to sue, the homeowners insurance would cover the legal fees. It is also utilized when there is damage to the home as a result of vandalism or theft. Furthermore, it is also used when there is damage caused by extreme weather.
Insurance companies
The leading mutual property and casualty insurance company in the United States is State Farm in terms of revenue. Since 2010, the direct premiums written by the property and casualty insurance industry in the United States have been rising.
Property and casualty insurance
General insurance, known as property and casualty insurance in the United States, covers non-life insurance policies. It covers property that is at risk of damage. Some policies include homeowners insurance, car insurance, condo insurance, renters insurance, and landlord insurance. For homeowners insurance, it is utilized when an individual suffers on a property as a result of the owner’s negligence. The homeowners insurance would cover the medical fees if the victim had to go to the hospital. If the victim decided to sue, the homeowners insurance would cover the legal fees. It is also utilized when there is damage to the home as a result of vandalism or theft. Furthermore, it is also used when there is damage caused by extreme weather.
Insurance companies
The leading mutual property and casualty insurance company in the United States is State Farm in terms of revenue. Since 2010, the direct premiums written by the property and casualty insurance industry in the United States have been rising.
