Homeowners' insurance
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The CPI all items index was at 3.2%, from 3.1% in January. -
Commercial lines difficulties continue to weigh down industry results.
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Sizeable investment returns masked 10-year high underwriting losses.
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Personal lines rate filings are rising, even as some inflation drivers slow.
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Slide, American Integrity, and Security First were approved.
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Increased cat losses in property offset auto improvements.
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The carrier has filed to withdraw from nine states total.
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The non-renewals will continue through June 15, 2025.
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Insured loss estimates are not yet available.
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Twia’s actuarial and underwriting committee made the recommendation last week.
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The downgrades reflect Gallatin Point’s recent acquisition of a majority stake in TRUE.
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A hearing with the Florida Office of Insurance is scheduled for February 21.
Related
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Mangrove assumes around 20,000 Citizens policies
June 26, 2025 -
Fox/Stanard-backed embedded auto MGA eyes expansion
June 23, 2025