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This price hike contributed to a premium increase of $695mn in the month, bringing the year-to-date impact of 2022 rate increases to $3.6bn. -
The bill under discussion tackles key concerns like eliminating one-way attorney fees and getting rid of the state’s controversial assignment of benefits right.
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The annual increase represents the smallest 12-month increase since the period ending December 2021.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Though Carvana’s financial situation might cause InsurTechs to think twice about an embedded partnership, the auto dealer’s woes could lead to an easing of loss cost pressures for personal auto insurers.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Manheim Vehicle Value Index declined 14.2% year-over-year to 199.4, dropping below 200 for the first time since August 2021.
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InsurTechs’ mounting losses and continuing cash burn combined with reinsurance market hardening could spell trouble for the sector.
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The special session comes as the Florida market braces itself for the effects of the anticipated reinsurance market hardening, potential regional insolvencies and the dearth of private capital.
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This marks Sure's first program in Florida, but the reciprocal has more than 120,000 policyholders across North Carolina, South Carolina, Alabama, Mississippi, Louisiana and Texas.
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While Allstate may be beyond the worst of the reserve charges, execution of initiatives needs to go smoothly for it to get back on track.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
