'There is no doubt that climate change increases volatility, frequency and also severity,' says senior di...
Fla. litigation reforms help curb reinsurance shortage at June 1 renewals
Legal reforms in Florida aimed at curbing claims litigation prevented reinsurers from pulling more property-catastrophe coverage from the market at the upcoming...
Legal reforms in Florida aimed at curbing claims litigation prevented reinsurers from pulling more property-catastrophe coverage from the market at the upcoming...
Article / 11 months ago
NAIC meeting: Regulators talk 2023 goals, national flood plan, algorithmic bias
Florida Insurance Commissioner David Altmaier speaking during the recent NAIC 2022 fall meeting. Altmaier resigned last week amid continued chaos in the state's...
Florida Insurance Commissioner David Altmaier speaking during the recent NAIC 2022 fall meeting. Altmaier resigned last week amid continued chaos in the state's...
Article / 1 year ago
Hurricane Ian exacerbates misery for Florida's tired P&C players
The devastation of Hurricane Ian has added to the financial strain under which the carriers that constitute the troubled Florida domestic residential insurance...
The devastation of Hurricane Ian has added to the financial strain under which the carriers that constitute the troubled Florida domestic residential insurance...
Article / 1 year ago
Prolonged sterling weakness to exacerbate UK claims inflation
The pound fell sharply against the dollar after the U.K. government announced a package of tax cuts
The pound fell sharply against the dollar after the U.K. government announced a package of tax cuts
Article / 2 years ago
Florida property insurers wrestle with lower capacity, higher reinsurance costs
Major reinsurers are limiting their exposure to the turbulent Florida property market. In 2021, Florida primary carriers ceded $462.9 million to Berkshire Hathaway...
Major reinsurers are limiting their exposure to the turbulent Florida property market. In 2021, Florida primary carriers ceded $462.9 million to Berkshire Hathaway...
Article / 2 years ago
Insurers' $15B Russia aviation puzzle will take years to solve
The industry expects disputes over coverage triggers and which types of cover will apply to the hundreds of foreign-owned jets stranded in Russia as a result of the Ukraine war...
The industry expects disputes over coverage triggers and which types of cover will apply to the hundreds of foreign-owned jets stranded in Russia as a result of the Ukraine war...
Article / 2 years ago
Insurers' COVID-19 claims battle far from over in UK as big cases loom
Insurers may have to wait several years to get clarity on their final claims bill, which could be higher than insurers envisaged if policyholders prevail in court...
Insurers may have to wait several years to get clarity on their final claims bill, which could be higher than insurers envisaged if policyholders prevail in court...
Article / 2 years ago
Impact of UK virus insurance test case may go beyond pandemic claims
Though the Supreme Court's ruling in the business interruption dispute...
Though the Supreme Court's ruling in the business interruption dispute...
Article / 3 years ago
Fla. lawmakers seeking new ways to curb wave of litigation against P&C insurers
Jeff Brandes, a state senator, said the property insurance situation in Florida has become...
Jeff Brandes, a state senator, said the property insurance situation in Florida has become...
Article / 3 years ago
Europe is COVID-19 interruption claims 'hotspot'; court battles limited for now
Analysts maintain that legal disputes over coronavirus-related business interruption cover are an earnings event rather than capital-depleting...
Analysts maintain that legal disputes over coronavirus-related business interruption cover are an earnings event rather than capital-depleting...
Article / 3 years ago