The results of the first nine months for the U.S. property and casualty market were recently released indicating a U.S. property and casualty market with near-record capacity, a large drop in CAT losses compared to the prior year, and a combined ratio of 102.2, down from 110.5 the prior year. While investment gains were still lacking, overall, the figures indicated that the industry’s balance sheet is strong. However, Superstorm Sandy’s effect is not included in these results.
This report shares insights from Lockton experts about the happenings in the market including pain points, overall trends, and Superstorm Sandy’s effect. Special sections on the construction industry and California are included.