The CFO of Florida's Citizens Property Insurance Corporation said today that the reinsurance risk transfe...
Fate of Fla. property insurance market at stake as special session loo...
Fate of Fla. property insurance market at stake as special session looms
Reinsurance programs and excessive litigation are among the issues to be addressed when lawmakers get together to tackle the Sunshine State's property insurance crisis...
Article / 2 days ago
UK-based parametric insurance company readies for US market launch
UK-based parametric insurance company readies for US market launch
FloodFlash is already quoting for policies with minimum premiums of $100,000, and then plans to roll out its small business products in the U.S. later in 2022...
Article / 10 days ago
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
Losses mount for many Fla. property insurers in 2021
Full-year 2021 results show that 32 out of 47 residential property insurers in the Florida market recorded a n...
Article / 2 months ago
Fla. homeowners insurers see large unfavorable reserve development thr...
Fla. homeowners insurers see large unfavorable reserve development through Q3'21
Homeowners insurers focused on the Florida market collectively strengthened their prior-year loss reserves by $217.2 million during the first nine months of 2021...
Article / 3 months ago
Travelers, Allstate raise homeowners rates in December 2021
Travelers, Allstate raise homeowners rates in December 2021
Travelers could enjoy a $78.6 million increase in total premiums from 36 homeowners rate hikes approved during the month...
Article / 3 months ago
P&C insurers seeing catastrophe loss respite in Q4'21
Claims may be manageable for underwriters during the period, but Jefferies analyst Philip Kett cautioned of po...
Article / 3 months ago
With policy counts soaring, Florida's Citizens seeks maximum premium hike
The Board of Governors of Florida's insurer of last resort approved double-digit rate increases to help slow i...
Article / 5 months ago
Losses from tornado outbreak in central US may hit historic levels
Total economic losses from the storms could reach $18 billion, AccuWeather CEO Joel Myers estimated, which wou...
Article / 5 months ago
Another La. property insurer may succumb to Hurricane Ida losses
Another La. property insurer may succumb to Hurricane Ida losses
Losses stemming from Hurricane Ida may claim another Louisiana property insurer...
Article / 6 months ago