Homeowners' insurance

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

Farmers’ agents in Florida will be offered an appointment with Slide. Renewals issued by Slide will begin for February 2024 effective dates.

In a presentation before Florida lawmakers, Cerio noted recent success in Citizens’ efforts to move policyholders to private insurers and reduce risk exposure.

The most important factors driving insured losses over the years include hurricanes, other weather-related events, inflation, and excess litigation.

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

The changes will take place “over the next few years” and will also include migrating all personal lines business into a single operating model and platform.

HCI subsidiary TypTap Insurance Company has received approval from Floir to assume up to 25,000 policies from Florida’s state-owned insurance company.

Worsening results in key states and belated rate action weigh against a shifting business model, making the path to profitability unclear.

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.

This is the second downgrade faced by State Farm and its subsidiaries from AM Best in the last month.

The first non-renewals are scheduled for May 2024 in what is expected to be an 18-month process.