Effective date for new and renewal rates is September 01, 2022...
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 / 9 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 / 23 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
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
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...
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 / 4 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
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
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
Reinsurance plays key role as P&C insurers deal with Texas freeze in Q1
Jefferies analyst Philip Kett said natural catastrophe losses from the winter storms have been repeatedly mentioned as having a...
Jefferies analyst Philip Kett said natural catastrophe losses from the winter storms have been repeatedly mentioned as having a...
Article / 1 year ago
Cat losses, pandemic likely to be highlighted in P&C insurers' Q3 results
Revenue for a majority of the largest P&C insurers is expected to be up year over year, but 15 of them are also expected to report a year-over-year decline in EPS...
Revenue for a majority of the largest P&C insurers is expected to be up year over year, but 15 of them are also expected to report a year-over-year decline in EPS...
Article / 2 years ago
