Homeowners' insurance

A challenging legal atmosphere and drift in loss cost components add difficulty to the task of tallying ultimate losses.

Hurricane Ian, interest rate impact and the cooling economy will be the main themes this earnings season.

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

Since raising $75mn in a Series C funding in June, the company has launched offerings in two states and launched an insurance carrier.

Insurers are expecting two waves of claims from Hurricane Ian, the first within 30 days from landfall and the second spreading out for up to two years after the storm.

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

Universal P&C, the FHCF, Axis, Berkshire and Nephila are among the firms that will be in focus as the loss develops.

Hurricane Ian’s total effect is still unknown, but lessons from Hurricane Irma give insight into potential outcomes.

The outlook for AmFam's affiliate NGM Insurance's $70mn 7.25% 20-year surplus notes has also been revised to negative from stable.

Key questions include whether this is bad enough to trigger real change in Florida, and how elastic cat treaty capacity is to price.

If current forecasts prove accurate, this will be a pivotal moment for the already off-balance Florida cohort and could result in a new market landscape.

This would become an event of default under the company's outstanding $100mn senior unsecured notes due 2029 and $21mn convertible notes due 2026 if not discharged within 60 days.