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Social Inflation could rebound faster than expected and disrupt the industry's narrative on margin expansion. -
McKee sided with the ACPIA, who have opposed the legislation due to the potential for raised costs.
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Progressive’s June results point to worsening underlying trends for personal auto carriers.
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The Florida Office of Insurance Regulation asked insurers to report virtually every type of policy in effect at the 12-story Champlain Towers South.
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It may take a few more months for personal auto carriers to see the full extent of the impact.
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The price rise, which pushed the CPI motor vehicle insurance index up 1.2%, was below the 16.9% rise the Bureau of Labor Statistics reported in May.
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The deal is the latest in a spate of personal lines M&A, with Allstate and State Farm also active acquirers.
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The transaction transforms Liberty into the second largest player in the US IA market.
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First Florida founder and president Jeff Platz and his team will join the Hub Florida region.
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The companies will leverage the partnership to offer E&S lines of insurance to owners of high-value homes during expensive construction.
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Logan McFaddin, a lobbyist for the APCIA, applauded the governor's use of his veto over legislation.
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The personal lines giant's best approach to growth may be sticking to its proven strengths.
