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Both the primary and reinsurance segments benefitted from a light cat year. -
The Insurance Insider US news team runs you through this week’s key agency M&A.
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Many commercial risks will have London coverage, but insured values are relatively low.
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The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
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The FIO said it will work with regulators on coverage for digital assets.
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The CEO said the carrier is seeing sequential PIF growth in several states.
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Sources said that the transaction valued the Californian auto F&I business at over $1bn.
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Exposure for California’s Fair plan has jumped, as insurers drop policyholders.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
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The regulations are designed to address long-term solvency concerns.
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The LA fires were a microcosm of “everything we do well when things go bad”.
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Opportunities for growth remain in small and medium commercial accounts.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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The executive’s exit follows CEO Joseph Lacher’s resignation last week.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The bill includes provisions to encourage retrofitting homes in high-risk areas.
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The company sees itself in a “very strong position” in the state.
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September’s medical care index increase follows a 0.2% drop in August.
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By line of business, $35mn of the charge relates to commercial auto and $5mn to personal auto.
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A former NOAA climatologist who left the agency is running the new operation.
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Cat losses in Q3 were light as peak hurricane season passes without incident.
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A quiet wind season is also expected to further soften the property market.
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Early Q3 earnings reports point to worsening market conditions.
