Heritage

CFO Lusk said the company is about 99.2% closed on claims from the 2017 storm.

The Insurance Insider US news team runs you through the earnings results for the day.

The decrease takes effect August 20, 2024, and impacts new and renewal business.

The Insurance Insider US news team runs you through the earnings results for the day.

The first event tower exhausts at $1.1bn for the Northeast, $1.3bn for the Southeast and $750mn in Hawaii.

The Insurance Insider US news team runs you through the earnings results for the day.

CFO Kirk Lusk’s base compensation went down 16%, to $800,000 from $950,000, while his annual bonus increased to 65% of base salary.

CEO Ernie Garateix, company director Paul Whiting and existing investor Raymond Hyer all agreed to purchase stock.

“That’s one of the things we're monitoring ... but I think there are positive signs in the marketplace that litigation is down,” Garateix told analysts on the company’s third-quarter earnings call.

The Inside P&C news team runs you through the earnings results for the day.

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

Losses from the Maui wildfire include a modest amount of reinsurance recoveries from the Per Risk reinsurance program, while losses from Hurricane Idalia were fully retained.