Reinsurance buyers faced a near-perfect storm in June and July, as capacity constraints collided with
ri...
Is the "largest private insurer failure in P&C history" coming? - Insurance Business
A significant storm in Florida this hurricane season could lead to “a massive failure of Florida insurers that would be on a historic level,”...
A significant storm in Florida this hurricane season could lead to “a massive failure of Florida insurers that would be on a historic level,”...
insurancebusinessmag.com /
Article / 2 days ago
Some SC property owners need new insurance after Fla. carrier fails – InsuranceNewsNet
About 25,000 South Carolina property owners are scrambling to replace their insurance just a few weeks into the 2022 hurricane season...
About 25,000 South Carolina property owners are scrambling to replace their insurance just a few weeks into the 2022 hurricane season...
insurancenewsnet.com /
Article / 6 days ago
Louisiana gets extra reinsurance for Citizens to cover policies of failed insurers
Louisiana's Department of Insurance said that it has arranged extra reinsurance to secure coverage for policyholders affected by the failure...
Louisiana's Department of Insurance said that it has arranged extra reinsurance to secure coverage for policyholders affected by the failure...
Article / 12 days ago
Three home insurance companies closing down, unable to recover from Ida - WBRZ
More than 80,000 Louisiana homeowners are scrambling to find insurance to replace policies from three companies that are shutting down...
More than 80,000 Louisiana homeowners are scrambling to find insurance to replace policies from three companies that are shutting down...
wbrz.com /
Article / 16 days ago
Florida Law Requires Post-Mortem on Insolvent Insurers, But Few Reports Available
Florida regulators are required to perform post-mortem analyses on failed insurance companies, but few of the reports have been completed...
Florida regulators are required to perform post-mortem analyses on failed insurance companies, but few of the reports have been completed...
Article / 2 months ago
Insurer ordered to liquidate - IB
Liquidation drops the coverage of some 30,000 policyholders...
Liquidation drops the coverage of some 30,000 policyholders...
insurancebusinessmag.com /
Article / 2 months ago
Sears Tells 2nd Circ. To Keep $20M Hurricane Suit Paused - Law360
Sears asked the Second Circuit on Tuesday to affirm a bankruptcy court's decision to pause a suit brought by a Puerto Rican mall seeking $20 million in hurricane damages...
Sears asked the Second Circuit on Tuesday to affirm a bankruptcy court's decision to pause a suit brought by a Puerto Rican mall seeking $20 million in hurricane damages...
law360.com /
Article / 2 months ago
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 substantial doubt over its ability to continue...
Following its recent ratings downgrade, U.S. primary insurance carrier group FedNat has admitted there is substantial doubt over its ability to continue...
Article / 2 months ago
Lighthouse latest carrier to go into receivership on Louisiana Ida losses
Lighthouse Property Insurance Corporation has been placed into receivership by Louisiana insurance commissioner Jim Donelon...
Lighthouse Property Insurance Corporation has been placed into receivership by Louisiana insurance commissioner Jim Donelon...
Article / 3 months ago
Fraud and Litigation Push Florida’s Home Insurers Into Insolvency - Bloomberg
State’s underwriter of last resort facing influx of policies; five firms yet to file results could be in financial distress...
State’s underwriter of last resort facing influx of policies; five firms yet to file results could be in financial distress...
bloomberg.com /
Article / 3 months ago