Effective date for new and renewal rates is September 01, 2022...
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 / 1 month 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
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 net income loss...
Full-year 2021 results show that 32 out of 47 residential property insurers in the Florida market recorded a net income loss...
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 possible loss creep...
Claims may be manageable for underwriters during the period, but Jefferies analyst Philip Kett cautioned of possible loss creep...
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 would make this the costliest tornado outbreak in U.S. history...
Total economic losses from the storms could reach $18 billion, AccuWeather CEO Joel Myers estimated, which would make this the costliest tornado outbreak in U.S. history...
Article / 6 months ago
Another La. property insurer may succumb to Hurricane Ida losses
Losses stemming from Hurricane Ida may claim another Louisiana property insurer...
Losses stemming from Hurricane Ida may claim another Louisiana property insurer...
Article / 7 months ago
Reinsurers bearing Q3 catastrophe loss load from Ida, European floods
RenaissanceRe CEO Kevin O'Donnell during an earnings call said reinsurers have absorbed a significant share...
RenaissanceRe CEO Kevin O'Donnell during an earnings call said reinsurers have absorbed a significant share...
Article / 8 months ago
Cat losses, inflation among focal points during P&C insurers' Q3 earnings season
All but one of the 20 largest P&C and multiline insurers for which estimates are available are expected...
All but one of the 20 largest P&C and multiline insurers for which estimates are available are expected...
Article / 8 months ago
Heavy losses persist in Fla. residential insurance market, total $529M in H1'21
Net income losses persist for insurers operating in the Florida residential property market and some are receiving...
Net income losses persist for insurers operating in the Florida residential property market and some are receiving...
Article / 10 months ago
P&C stocks slide as Ida barrels through Gulf Coast, deluges Northeast
The S&P 500 closed the week ending Sept. 3 up 0.58% at 4,535.52, while the S&P 500 Insurance Index fell 0.71% to 529.69...
The S&P 500 closed the week ending Sept. 3 up 0.58% at 4,535.52, while the S&P 500 Insurance Index fell 0.71% to 529.69...
Article / 10 months ago
