Heritage
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Floir has greenlit at least 14 new companies for operation in Florida in the last few years, contributing to the competition. -
The carrier sees opportunities to grow in New York, the mid-Atlantic and Florida.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The total cost for the program increased 1.8% from last year’s.
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California homeowners are also expected to move admitted business to E&S.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Floridian also expects to report its “best earnings quarter” for Q4 2024.
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Heritage’s Q3 combined ratio improved 10.2 points to 100.6% driven by lower losses and expenses.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Shares gained after Hurricane Milton did less damage than anticipated.
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Milton threatens to make landfall in Florida shortly after Helene.
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CFO Lusk said the company is about 99.2% closed on claims from the 2017 storm.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The decrease takes effect August 20, 2024, and impacts new and renewal business.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The first event tower exhausts at $1.1bn for the Northeast, $1.3bn for the Southeast and $750mn in Hawaii.
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The Insurance Insider US news team runs you through the earnings results for the day.
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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.
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CEO Ernie Garateix, company director Paul Whiting and existing investor Raymond Hyer all agreed to purchase stock.
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“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.
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The Inside P&C news team runs you through the earnings results for the day.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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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.
