Homeowners' insurance
-
The legal setback came as publication of a FEMA reform report was postponed. -
Trump’s shadow loomed over the beachside sessions.
-
MGAs going public is now a viable option, but dominating a market comes first.
-
The Republican said his office has launched an investigation into the denials.
-
NY lawmakers are preparing a legislative package to address insurance costs in the Empire State.
-
Admitted carriers on the other hand are still exercising caution as regulatory reforms take hold.
-
Plaintiffs claim climate-induced cat losses have spurred increases in premiums.
-
The carrier said it anticipates a better market due to recent reforms.
-
The peril has been historically difficult to model compared to others.
-
Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
-
Similar bills targeting fossil fuel firms have been introduced in other states.
-
The MGA is exploring new product lines including condos and renters, CEO John Chu said.
-
Senators asked for data on fraud but weren’t given any.
-
The deal to reopen the government also extended the NFIP.
-
Chief risk officer Shannon Lucas will move to COO as part of the shakeup.
-
The company anticipates a considerable bump in book value after IPO of subsidiary Exzeo.
-
The executive said inflation isn’t completely gone but is now “more understood”.
-
Slide does expect a “meaningful” amount of takeouts for this month and next.
-
The insurer reached highs of over 1.4 million policies in September 2023.
-
The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
-
Exposure for California’s Fair plan has jumped, as insurers drop policyholders.
-
Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
-
The regulations are designed to address long-term solvency concerns.
-
The LA fires were a microcosm of “everything we do well when things go bad”.
-
A US landfall is not expected, but the storm could hit the Bahamas by Friday.
-
The bill includes provisions to encourage retrofitting homes in high-risk areas.
-
The company sees itself in a “very strong position” in the state.
-
A former NOAA climatologist who left the agency is running the new operation.
-
A quiet wind season is also expected to further soften the property market.
-
SageSure’s recent M&A in Florida was driven by being selective with policies and smart about claims costs.
-
Critics claim the dispute system denies consumers' key legal rights.
-
State Farm is under investigation as its premiums have been rising “drastically".
-
Though wildfire losses are up, total losses are the lowest since 2015.
-
A US district judge ruled a delay could put human life and property at risk.
-
The governor has yet to sign a pending bill to create a public cat model.
-
The request cites use of Verisk’s forward-looking wildfire model.
-
New home sales could be impacted by a prolonged stalemate.
-
Seller White Mountains will retain a roughly 15% fully diluted equity stake.
-
Proceeds will be used to pay off debt maturing at the end of the year and to support new market growth.
-
The business has been ~70% owned by White Mountains since January 2024.
-
Neptune’s stock price jumped 25% on the first day of trading.
-
Home buyers looking to close on a mortgage could find the private market an attractive alternative.
-
The jump in the latest estimate could be due to damage to seasonal properties only being recently discovered.
-
The NHC also warned that a hurricane watch could be required in Bermuda as early as Monday afternoon.
-
California’s insurance regulator has Fair Plan depopulation, cat models on his mind.
-
The proposed changes aim to establish clear guidelines for intervenors.
-
The measures also seek to encourage greater wildfire mitigation efforts.
-
The specialty MGA said it didn’t experience direct losses from the LA wildfires.
-
IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.
-
A report by the ratings agency challenges current industry wisdom.
-
Models anticipate a busier second half, particularly in the next few weeks.
-
The wildfire MGA is expecting to write higher value homes soon and may expand into new states.
-
The fundraising round brought in $50mn for the insurer.
-
The carrier notified California regulators that it would stop renewing plans starting last month.
-
The company generated $71.4mn in revenue for H1 2025.
-
The bi-partisan legislation would make FEMA a cabinet-level agency.
-
The rest of 2025 appears poised to remain favorable for insureds, however.
-
The data modeling firm said losses previously averaged $132bn annually.
-
The violations included not using properly appointed adjusters and failing to pay claims.
-
After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
-
Lawmakers are seeking input on risk evaluation, limits and other concerns.
-
The group claims the White House is undermining disaster preparedness.
-
Storm surge of two to four feet could affect the North Carolina coast.
-
The program is aimed at affluent homes valued between $1mn and $6mn.
-
Life-threatening surf and rip currents are expected on the east coast of the US.
-
This is the first rate filing to use the recently approved Verisk model.
-
The insurer said it expects to begin writing business by the end of the month.
-
The company plans to launch in New York and New Jersey next year.
-
Floir has greenlit at least 14 new companies for operation in Florida in the last few years, contributing to the competition.
-
A shift to back to the admitted property space and MGAs choosing ignorance are other possible scenarios.
-
As the fires spread, the priority shifted from saving structures to saving lives.
-
Despite being hailed as an asset, executives said the current situation is not ideal for either valuation or competitive purposes.
