HCI Group

HCI was modelling a decrease in claim frequency of about 15% to 20% and in litigation frequency of about 3%.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

HCI will own all its stock, launching it with 2.5 million shares valued at $1 per share.

Need to Know

The carrier reported a Q4 consolidated loss ratio of 39.4%, down one point on the year as claims frequency declined while severity stabilized towards the end of the year.

The company is confident it has sufficient additional reinsurance capacity should claims begin to develop outside of initial expectations.

The Florida carrier suggested that Ian will not exhaust the state’s reinsurance Cat Fund.

As the loss numbers for Hurricane Ian begin to come into focus, three topics to watch are impact from demand surge, litigation trends, and rate activity.

Hurricane Ian’s total effect is still unknown, but lessons from Hurricane Irma give insight into potential outcomes.

If current forecasts prove accurate, this will be a pivotal moment for the already off-balance Florida cohort and could result in a new market landscape.

With the most active hurricane month just a week away, the moment of truth has finally come for the already strained Floridians.