Insurance Insider | Slipcase – (re)insurance industry news

The Insurance Insider is relied upon by senior industry figures and investors for its insight & intelligence. Key trends are identified and analysed, tomorrow's news is broken today and the world's events and losses are dissected for what impact they will have on the industry, its balance sheets and share prices.

Californian insurers reduce coverage for wildfire-hit areas

A state report said non-renewals were down 10 percent in some high-risk areas...

Insurance Insider / Article / 2 days ago
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Property - North America

Louisiana threatens State Farm license over Barry claims

Louisiana’s insurance commissioner has threatened to revoke State Farm’s license to sell insurance in the state due to a dispute arising from Hurricane Barry, actions contested by the mutual...

Insurance Insider / Article / 2 days ago
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Claims & Losses

Commercial property overtakes auto in rate hardening race

Commercial property rate increases outpaced those of all other insurance sectors in the US during the second quarter of 2019, new figures from...

Insurance Insider / Article / 2 days ago
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Motor (Commercial)

US P&C profits fall 9.6% year on year: AM Best

Aggregate net underwriting income at a clutch of US P&C insurance companies monitored by AM Best fell by 9.6 percent to $32.7bn during the first six months of 2019...

Insurance Insider / Article / 2 days ago
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Casualty

US E&S property hardening picks up as admitted market sheds business

The US E&S property market is continuing to harden as underwriters grapple with a slew of late quoted business during the historically quiet August period...

Insurance Insider / Article / 5 days ago
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Property - North America

PG&E’s liability for 2017 Tubbs Fire will be decided by citizen jury

A jury will decide whether PG&E is responsible for $18bn in legal claims related to the 2017 Tubbs fire, allowing the case to go to trial despite state officials clearing the utility company...

Insurance Insider / Article / 5 days ago
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Law

European reinsurers bet on cat as rate rises gain momentum

European reinsurers have reported positive results for the second quarter and overall expressed a sense of optimism on the rate rises achieved since spring...