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The fire started Monday night, with high winds predicted for Tuesday morning. -
AIG launched an IPO of Corebridge Financial in September 2022.
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Rate inadequacy and inflationary pressures represent significant headwinds, however.
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The insurer will conduct an audit to ensure “transparency and accountability.”
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TDI is urging legislators to incentivize more resilient housing construction.
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The sale of the business was confirmed in June.
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The AIG and Stone Point-owned MGU will also look to move up-market, increase its weighting to E&S and add third-party paper.
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Major reserve releases help drive strong Q3 and year-to-date results, but the industry looks over-optimistic.
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The P&C industry had its best Q3 combined ratio since 2015, driven by personal lines.
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The estimate includes $102mn from Milton and $114mn Helene development.
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The industry posted a good quarter, but reserving and loss cost concerns hardly abated.
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Insurers and their allies hope to capitalize on increased attention to pass a slew of reforms.
