An increasing number of Floridians agree that human actions are causing climate change, including a recor...
AM Best: Only Two Impaired Insurers in ’22, Down From 10 in ’21
Despite the reversal seen in the US equity market and rising inflation and interest rates, P/C insurers performed well in 2022, according to the latest report on the...
Despite the reversal seen in the US equity market and rising inflation and interest rates, P/C insurers performed well in 2022, according to the latest report on the...
Article / 16 days ago
MGAs, DUAEs Sparked Double-Digit Growth in ’22 U.S. Premiums: AM Best
Direct premium written through the Delegated Underwriting Authority Enterprises (DUAE) market in the United States continued its significant growth...
Direct premium written through the Delegated Underwriting Authority Enterprises (DUAE) market in the United States continued its significant growth...
Article / 29 days ago
2022 In Review: It Was Bad
The year 2022 is in the books for most U.S. property/casualty insurers as the days tick down to statutory filing deadlines. Putting the numbers together, AM Best revealed just how bad the aggregate results looked overall....
The year 2022 is in the books for most U.S. property/casualty insurers as the days tick down to statutory filing deadlines. Putting the numbers together, AM Best revealed just how bad the aggregate results looked overall....
Article / 3 months ago
Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus
Trium Cyber is the industry’s first Lloyd’s-approved company to provide mono-line cyber coverage for U.S. risks. Launched in January 2023, the full-stack surplus lines...
Trium Cyber is the industry’s first Lloyd’s-approved company to provide mono-line cyber coverage for U.S. risks. Launched in January 2023, the full-stack surplus lines...
Article / 3 months ago
State Farm P/C Businesses Report $13B Underwriting Loss
Late last year, State Farm's chief executive broke the news that the auto giant would record the largest underwriting loss in its 100-year history for
Late last year, State Farm's chief executive broke the news that the auto giant would record the largest underwriting loss in its 100-year history for
Article / 3 months ago
Reinsurance Recap: 2022 Results Mixed as Market Improves
Full-year 2022 financial results, reported by a handful of groups that write reinsurance, show mixed results in a market full of challenges—ranging from inflation to the Ukraine war to growing...
Full-year 2022 financial results, reported by a handful of groups that write reinsurance, show mixed results in a market full of challenges—ranging from inflation to the Ukraine war to growing...
Article / 3 months ago
With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23
Executives of InsurTech Lemonade say they’re slowing down growth in 2023, as the company waits for regulators to approve rate hikes needed to keep up with inflation....
Executives of InsurTech Lemonade say they’re slowing down growth in 2023, as the company waits for regulators to approve rate hikes needed to keep up with inflation....
Article / 3 months ago
Allstate Reports $310M Q4 Loss as Auto Claims Costs Motor Past Rate Hikes
As it had warned last month, Allstate Corp. reported a fourth-quarter 2022 loss of $310 million as losses from auto insurance outpaced an increase in...
As it had warned last month, Allstate Corp. reported a fourth-quarter 2022 loss of $310 million as losses from auto insurance outpaced an increase in...
Article / 4 months ago
The Hanover Reports $11M Q4 Loss
The Hanover Insurance Group reported a fourth-quarter 2022 loss of $11.6 million, driven by widespread catastrophic losses from Winter Storm Elliott....
The Hanover Insurance Group reported a fourth-quarter 2022 loss of $11.6 million, driven by widespread catastrophic losses from Winter Storm Elliott....
Article / 4 months ago
They’ll Be Back: RenRe CEO Predicts Cedent Demand For Re Limit Will Rise
Although insurance companies who may have wanted more reinsurance coverage going into the 1/1 renewals elected to close their wallets in the face of rising...
Although insurance companies who may have wanted more reinsurance coverage going into the 1/1 renewals elected to close their wallets in the face of rising...
Article / 4 months ago
