Property - North America

News, insights and thought leadership for re/insurance professionals with an interest in North American property.

FedNat has "substantial doubt" it can continue as a going concern

FedNat has "substantial doubt" it can continue as a going concern

Following its recent ratings downgrade, U.S. primary insurance carrier group FedNat has admitted there is subs...

Article / 27 days ago

Future of another Fla. homeowners insurer in jeopardy after ratings downgrade

Future of another Fla. homeowners insurer in jeopardy after ratings downgrade

Demotech confirmed that it downgraded FedNat Holding's financial stability rating to S, Substantial, from A, E...

Article / 1 month ago

FedNat downgraded, posing another threat to Florida's insurance ecosystem

FedNat downgraded, posing another threat to Florida's insurance ecosys...

FedNat downgraded, posing another threat to Florida's insurance ecosystem

U.S. primary insurance carrier group, FedNat Holding Company, had its main insurer entity, FedNat Insurance Company, downgraded on Friday, after Demotech...

Article / 1 month ago

Florida homeowners' market falters as more ratings hang in balance

Florida homeowners' market falters as more ratings hang in balance

Florida homeowners' market falters as more ratings hang in balance

With options dwindling for a special legislative session and the reinsurance renewal cycle in full swing, carriers and consumers in the Florida homeowners’ market...

Article / 1 month ago

Demotech affirms two Florida carriers’ ratings, bringing total to 29

Demotech affirms two Florida carriers’ ratings, bringing total to 29

Demotech affirms two Florida carriers’ ratings, bringing total to 29

Demotech has affirmed its ratings on a total of 29 carriers in Florida, leaving about a dozen still waiting for ratings...

Article / 2 months ago

Demotech affirms 27 Florida carriers as others await fate

Demotech affirms 27 Florida carriers as others await fate

Demotech affirms 27 Florida carriers as others await fate

Demotech in the last two days has affirmed the ratings of 27 Florida-focused carriers out of the 42 companies it currently...

Article / 2 months ago

Lighthouse has Demotech ‘A’ rating withdrawn

Lighthouse has Demotech ‘A’ rating withdrawn

Lighthouse has Demotech ‘A’ rating withdrawn

Lighthouse Property Insurance and Lighthouse Excalibur Insurance have lost their ‘A’ exceptional ratings from Demotech, as the wider Florida primary...

Article / 2 months ago

Demotech prepared to downgrade up to 20 FL carriers as legislative relief hopes fade

Demotech prepared to downgrade up to 20 FL carriers as legislative rel...

Demotech prepared to downgrade up to 20 FL carriers as legislative relief hopes fade

Demotech expects to downgrade 10 to 20 Florida property carriers in the coming weeks as the rating agency's president Joe Petrelli...

Article / 2 months ago

AM Best cites Florida market challenges as it downgrades Florida Farm Bureau

AM Best cites Florida market challenges as it downgrades Florida Farm ...

AM Best cites Florida market challenges as it downgrades Florida Farm Bureau

A decline in surplus, reserve adequacy trending lower, underwriting losses driven by storms and hurricanes, and a generally unsettled Florida P&C...

Article / 2 months ago

Demotech calls for Florida market reform with rating downgrades likely

Demotech calls for Florida market reform with rating downgrades likely

Demotech calls for Florida market reform with rating downgrades likely

With the focus in Florida's property insurance market shifting towards an impending reinsurance renewal that is anticipated to be particularly...

Article / 2 months ago

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US P/C Commercial Lines See Pricing, Underwriting Improvement

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 ...

Florida Citizens CFO says risk transfer markets in "disarray"

Florida Citizens CFO says risk transfer markets in "disarray"

The CFO of Florida's Citizens Property Insurance Corporation said today that the reinsurance risk transfe...

Florida insurance commissioner named in lawsuit - IB

Florida insurance commissioner named in lawsuit - IB

Two insurers have also been named as defendants...

TWIA renewal FoT's imply ~29% increase in reinsurance rate-on-line YoY

TWIA renewal FoT's imply ~29% increase in reinsurance rate-on-line YoY

Firm order terms (FOT's) for the 2022 traditional reinsurance renewal for the Texas Windstorm Insurance A...

Climate change is hurting insurers - Reuters

Climate change is hurting insurers - Reuters

Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its...

FedNat details Florida downsizing plan, says Monarch to be acquired

FedNat details Florida downsizing plan, says Monarch to be acquired

Further details of under pressure U.S. primary insurance carrier group FedNat's plan to reduce its scale ...

How Climate Change Fuels Wildfires, Billions in Damages - Bloomberg

How Climate Change Fuels Wildfires, Billions in Damages - Bloomberg

The US West is at the epicenter of the fury, as the megadrought puts lives and homes in danger...

Model unlocks real-time estimation of large earthquakes and provides earlier warning of tsunamis - The Watchers

Model unlocks real-time estimation of large earthquakes and provides earlie...

Recently discovered speed-of-light prompt elastogravity signals (PEGS) have raised hopes for rapid and re...

How Climate Change Fuels Wildfires, Billions in Damages - Bloomberg

How Climate Change Fuels Wildfires, Billions in Damages - Bloomberg

The link between climate change and wildfire intensity is clear. The US West is at the epicenter of the f...

CSU: (Re)insurers should brace for “above-normal” 2022 Atlantic hurricane season

CSU: (Re)insurers should brace for “above-normal” 2022 Atlantic hurricane s...

In this video, Colorado State University (CSU) researcher Phil Klotzbach tells The Insurer TV the upcomin...