While Lemonade and the other InsurTechs have stolen the headlines, the sector’s standout growth story fro...
Florida’s property insurers off to a rocky start in 2022
The Sunshine State has seen four insurers become insolvent since the start of the year with Southern Fidelity Insurance being the most recent.
The Sunshine State has seen four insurers become insolvent since the start of the year with Southern Fidelity Insurance being the most recent.
Article / 12 days ago
Markets lose ground; Florida P&C carriers secure reinsurance for coming season
Insurance companies underperformed the broader market during the holiday-shortened week ending June 3, which was modestly negative for stocks. The S&P Insurance 500 index slid 2.27% to 557.96, while the S&P 500 dropped 1.20% to 4,108.54.
Insurance companies underperformed the broader market during the holiday-shortened week ending June 3, which was modestly negative for stocks. The S&P Insurance 500 index slid 2.27% to 557.96, while the S&P 500 dropped 1.20% to 4,108.54.
Article / 26 days ago
Catastrophe losses drop sharply YOY in Q1 for many big US insurers
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Article / 1 month ago
US P/C Commercial Lines See Pricing, Underwriting Improvement
The underwriting performance of U.S. property/casualty (P/C) insurance commercial sector lines is poised for favorable underwriting gains in 2022, barring outsized natural catastrophe losses...
The underwriting performance of U.S. property/casualty (P/C) insurance commercial sector lines is poised for favorable underwriting gains in 2022, barring outsized natural catastrophe losses...
Article / 1 month ago
Florida's Largest, Universal P&C, Sheds Policies, Shows Improved Bottom Line
Amid growing concerns about the health of Florida's property insurers, the state's largest carrier posted a somewhat mixed bag of financial results for...
Amid growing concerns about the health of Florida's property insurers, the state's largest carrier posted a somewhat mixed bag of financial results for...
Article / 2 months ago
Florida Market Watch report for year end 2021
The selected insurance companies derive a majority of their premiums from the Florida personal property market...
The selected insurance companies derive a majority of their premiums from the Florida personal property market...
Article / 2 months ago
Commercial insurance prices up 11% in Q1 - IB
Global commercial insurance prices rose 11% in the first quarter, according to Marsh’s Global Insurance Market Index...
Global commercial insurance prices rose 11% in the first quarter, according to Marsh’s Global Insurance Market Index...
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Article / 2 months ago
Everest Re catastrophe XoL pull-back continues in Q1
Global insurance and reinsurance firm Everest Re continues to take steps to reduce its exposure to property catastrophe related volatility...
Global insurance and reinsurance firm Everest Re continues to take steps to reduce its exposure to property catastrophe related volatility...
Article / 2 months ago
Heritage pre-announces $64m of cat & weather losses for Q1
Reflecting the relatively heavy first-quarter US severe weather toll, Florida headquartered but nationally expansive property and casualty insurer...
Reflecting the relatively heavy first-quarter US severe weather toll, Florida headquartered but nationally expansive property and casualty insurer...
Article / 2 months ago
Marsh: US commercial insurance rate increases decelerate to 12% in Q1
Insurance pricing increased by 12 percent in the US in the first quarter of 2022, a modest deceleration from increases of 14 percent in the prior quarter...
Insurance pricing increased by 12 percent in the US in the first quarter of 2022, a modest deceleration from increases of 14 percent in the prior quarter...
Article / 2 months ago
