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Key questions include whether this is bad enough to trigger real change in Florida, and how elastic cat treaty capacity is to price. -
If current forecasts prove accurate, this will be a pivotal moment for the already off-balance Florida cohort and could result in a new market landscape.
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This would become an event of default under the company's outstanding $100mn senior unsecured notes due 2029 and $21mn convertible notes due 2026 if not discharged within 60 days.
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Inside P&C’s news team runs you through the key highlights of the week.
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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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Claims analysis shows slow reactions to negative trends can affect several quarters, but carriers who emerge strong will be able to pursue growth faster than the competitors who are always playing catchup on loss cost trends.
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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 222-page complaint describes fraud committed against various carriers, including Zurich, Tokio Marine and Everest in surety, D&O and homeowners’ insurance programs.
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If the company does not cure the event within 10 days of the missed payment or September 25, an event of default will occur.
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As ITC Vegas begins, the Inside P&C Research team explores the discussions needed among InsurTechs to address questions around capital, partnerships, and profitability prospects.
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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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August’s overall consumer price index edged up 0.1 points, after no change in the prior month.
