Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased co...
Baltimore bridge collapse underscores importance of insurance – Lloyd's CEO
The collapse of the Francis Scott Key Bridge in Baltimore will give the insurance industry an opportunity to demonstrate its worth, according to Lloyd's of...
The collapse of the Francis Scott Key Bridge in Baltimore will give the insurance industry an opportunity to demonstrate its worth, according to Lloyd's of...
Article / 18 days ago
Fla. P&C insurers still raising rates after market reform laws take effect
Florida's residential property insurers are taking a cautious approach when estimating how industry reforms passed in late 2022 will impact their premium...
Florida's residential property insurers are taking a cautious approach when estimating how industry reforms passed in late 2022 will impact their premium...
Article / 9 months ago
Fla. insurer of last resort now top 10 US homeowners writer amid market turmoil
Ongoing tumult in Florida's property market has turned Citizens Property Insurance Corp. into one of the largest writers of homeowners insurers in the...
Ongoing tumult in Florida's property market has turned Citizens Property Insurance Corp. into one of the largest writers of homeowners insurers in the...
Article / 10 months ago
State Farm pullback intensifies spotlight on California's rate-approval process
A decision by California's largest homeowners insurer to stop writing new property and casualty policies has hastened calls to revise the state insurance...
A decision by California's largest homeowners insurer to stop writing new property and casualty policies has hastened calls to revise the state insurance...
Article / 10 months ago
Ongoing Canadian wildfires not expected to break 2016 insured loss record
Smoky haze from wildfires in Canada diminish visibility and degrade air quality in New York City on June 7...
Smoky haze from wildfires in Canada diminish visibility and degrade air quality in New York City on June 7...
Article / 10 months ago
US property and casualty insurers' earnings ride on management of personal auto
Most of the largest publicly traded US property and casualty insurers are set to book sequential and year-over-year increases in revenues in the...
Most of the largest publicly traded US property and casualty insurers are set to book sequential and year-over-year increases in revenues in the...
Article / 12 months ago
Fla. residential property insurers post back-to-back $1B+ losses
Costs associated with litigation and Hurricane Ian pushed Florida's domestic residential property insurers deeper into the red in 2022....
Costs associated with litigation and Hurricane Ian pushed Florida's domestic residential property insurers deeper into the red in 2022....
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
US P&C 2023 outlook: reinsurance costs, M&A slowdown, E&S evolution
A hard market, higher reinsurance costs and ongoing low M&A activity are in the cards for property and casualty insurers in the new year.
A hard market, higher reinsurance costs and ongoing low M&A activity are in the cards for property and casualty insurers in the new year.
Article / 1 year ago
Hurricane Ian exacerbates misery for Florida's tired P&C players
The devastation of Hurricane Ian has added to the financial strain under which the carriers that constitute the troubled Florida domestic residential insurance...
The devastation of Hurricane Ian has added to the financial strain under which the carriers that constitute the troubled Florida domestic residential insurance...
Article / 1 year ago