Homeowners' insurance
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Nominee Neil Jacobs was warned cuts will cause ‘rising home insurance rates’. -
Despite predicting fewer hurricanes, the numbers are still above average.
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This is up from the $300mn in capacity the MGA secured in 2024.
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The floods have killed at least 81 people, with dozens more missing.
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The January wildfires did little to hamper their appetite, apart from California.
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The late March storm caused extensive damage in southern Quebec and Ontario.
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The company said the reduction was due to years of steady improvements.
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Early adopters of AI will see efficiencies – and likely increased market share, Kantar said.
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There are now 14 new companies writing homeowners’ policies in the state.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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The insurer intends to take on up to 81,040 policies this year.
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Much was learned after the fires, but it could take years before that data influences models.
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