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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”. -
The 12 insurers together have $418mn in policyholder surplus.
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The tariffs could expose insurers to the risk of recession and shrinking income.
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Korte had been serving as interim president of the unit since December.
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Universal submitted allegedly ineligible claims to the Florida fund.
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The bill being considered would effectively eliminate personal injury protection.
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Overall market capacity increased by 5.3% year-on-year, the broker reported.
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Coverage will increase to $20mn per building.
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Construction defects, GL and risk-managed professional liability lines saw the greatest headwinds.
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Inflation, tariffs and climate change are all making for an uncertain 2025.
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ShoreOne is offering an all-in-one policy that includes flood protection.
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BHSI is dividing its retail general property unit into four regions.
