Articles by Joseph L. Petrelli

Petrelli is the president and co-founder of Demotech, Inc., a Columbus, Ohio-based financial analysis and actuarial services firm. Visit Demotech.com for additional information.

Government Reaps Benefit of P/C Insurers’ Excess Profits

Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous. Seriously. The property/casualty insurance industry reported …

Demotech Inc. Identifies 2011 Near National Property/Casualty Insurers

The original criteria and objective definition for Near National insurance carriers was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data …

A Look at Year-End 2010 Loss and Loss Adjustment Expense Reserve Adequacy

Loss and loss adjustment expense reserve development has traditionally been the focus of actuaries, auditors and financial analysts. Statutory insurance accounting financial reporting contains several measures that can be utilized to evaluate the adequacy and accuracy of prior period estimates …

Is $8 Billion Material? A Look at Year-End 2010 Reporting of Loss and Loss Adjustment Expense Reserve Adequacy

Loss and loss adjustment expense reserve development has traditionally been the focus of actuaries, auditors and financial analysts. Statutory insurance accounting financial reporting contains several measures that can be utilized to evaluate the adequacy and accuracy of prior period estimates …

2011 Super Regional P/C Insurers™

Demotech Inc. Reveals Leading Multi-State P/C Carriers The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of …

Direct Premiums Written Drop for Top 50 Workers’ Comp Insurers

As of March 2011, the unemployment rate in the United States was reported to be 8.8 percent, a marked improvement from the 10.1 percent rate reported in October 2009. The gross domestic product (GDP) has increased for six straight quarters, …

Service Economy Encouraging, Obesity Discouraging for Workers’ Comp

I believe that one of the favorable trends impacting workers’ compensation in the decades ahead will be driven by our service based economy. There will be relatively fewer manufacturing and construction injuries for two reasons; the economy will be focused …

Top 25 Carriers’ Q3 Premiums Rise Nearly 11.5% in 2010 Versus Q3 2009

Alexander Hamilton once said, “I never expect to see a perfect work from an imperfect man.” Despite an imperfect marketplace, the Top 25 property/casualty companies continued to improve. Their continued improvement is evident based on the dollar amount of direct …

North Carolina Escapes Storms; Will It Escape Florida’s Insurance Woes?

Earlier in 2010, Colorado State’s Tropical Meteorology Project forecasted eight hurricanes to emerge from 15 named tropical storms in the Atlantic basin. Of those, four were forecasted to become major hurricanes. On August 29, Tropical Storm Earl was upgraded to …

One State at a Time

The Demotech Company Classification System Identifies State Specialist P/C Carriers for 2010 American humorist and philosopher Josh Billings could have been describing State Specialists when he said, “Be like a postage stamp. Stick to one thing until you get there.” …