The Year in Review: CA homeowners’ trouble, SCS losses, D&O collapse and Vesttoo
The year is coming to an end without a major hurricane loss for the industry. But 2023 was far from uneventful.
Macroeconomic inflation has slowed down, but prices of many goods and services continue to increase, causing compounded problems for the homeowners’ segment which cannot increase rates in the admitted market as commercial underwriters do.
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