"These kinds of 'black swan' events are not actually as rare as the industry would like"...
Insider US in Full: Q4 earnings preview: Could this be a kitchen sink quarter?
In our 2024 outlook, we discussed the likelihood of additional reserve development for AY 2015-2019 in the commercial lines segment...
In our 2024 outlook, we discussed the likelihood of additional reserve development for AY 2015-2019 in the commercial lines segment...
Article / 3 months ago
Top 10 Insights of 2023
Guy Carpenter is intently focused on innovation—developing tools, models and analytics to help clients make the best-informed business decisions....
Guy Carpenter is intently focused on innovation—developing tools, models and analytics to help clients make the best-informed business decisions....
Article / 4 months ago
US regulators flag commercial real estate as a leading risk in 2024 - Construction Dive
“Signs of stress emerged in 2023, and the market outlook is challenging” for commercial real estate, according to the Financial Stability Oversight Council.
“Signs of stress emerged in 2023, and the market outlook is challenging” for commercial real estate, according to the Financial Stability Oversight Council.
constructiondive.com /
Article / 4 months ago
Reinsurance crunch raises insolvency fears in the Midwest
Midwest mutual insurers are bracing for steep reinsurance costs ahead of January 1 renewals, as the region contends with rising loss ratios caused...
Midwest mutual insurers are bracing for steep reinsurance costs ahead of January 1 renewals, as the region contends with rising loss ratios caused...
Article / 6 months ago
DeSantis Turns Heads With Comment That Citizens Insurance ‘Not Solvent’; Board Approves Cat Bond
Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the...
Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the...
Article / 1 year ago
Louisiana seeks to plug insolvent UPC’s gap
In a bid to prevent an onslaught of additional policyholders having to sign up to the state’s insurer of last resort, Louisiana’s insurance commissioner has announced incentives for insurers that pick...
In a bid to prevent an onslaught of additional policyholders having to sign up to the state’s insurer of last resort, Louisiana’s insurance commissioner has announced incentives for insurers that pick...
Article / 1 year ago
Floir initiates delinquency proceedings against UPC
The Florida Office of Insurance Regulation has declared United Property and Casualty (UPC) insolvent and initiated delinquency proceedings after the carrier significantly increased its...
The Florida Office of Insurance Regulation has declared United Property and Casualty (UPC) insolvent and initiated delinquency proceedings after the carrier significantly increased its...
Article / 1 year ago
Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation
Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the...
Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the...
Article / 1 year ago
United (UPC) hikes hurricane Ian loss 54%, with ramifications for reinsurance partners
United Insurance Holdings Corporation has significantly increased its hurricane Ian gross loss estimate, adding over $500 million to the total...
United Insurance Holdings Corporation has significantly increased its hurricane Ian gross loss estimate, adding over $500 million to the total...
Article / 1 year ago
Fla. homeowners market accounts for majority of insurers liquidated in '22
Property and casualty underwriters made up the bulk of U.S. insurers placed into receivership in 2022 for the the sixth straight year, according to...
Property and casualty underwriters made up the bulk of U.S. insurers placed into receivership in 2022 for the the sixth straight year, according to...
Article / 1 year ago
