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Rates are Flat But Insurers Still Have Best Quarter in 30-years

In the first quarter of 2015 P&C insurers posted the best quarter in 30-years. Considering rates are flat and the industry is headed for another — or maybe now even in — a soft market, it's a head-scratching statistic. But Robert Gordon of the Property Casualty Insurers Association of America (PCI) says the numbers are true. The report from the ISO Insurance Programs and Analytics Services and the PCI says lower than usual catastrophe losses are the reason for a 31% jump in profitability. more

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