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Top Stories / Ad / Most Recent
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A hurricane watch is now in effect for the Louisiana coastline. -
Eight Floridians will take on personal residential multi-peril and wind-only policies.
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The P&C industry reported its best Q2 combined ratio since 2021, but was still a loss-making underwriting result.
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The CEA has $326.4mn towards risk transfer, 44% below budget.
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The regulations have been officially published online, with a hearing to be held next month.
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Lawsuit claims GM unlawfully sold data to insurers collected from 1.5m drivers.
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Moody’s also predicts losses to the NFIP at less than $300mn.
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Private broker Q2 Ebitda margins contracted to 26.8% from 29% in Q1 and 27.1% a year ago, according to the survey.
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It had planned to non-renew 47,000 DP-3 and 53,000 high-risk homeowners’ policies this year.
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Reforms would seek to tamp down legal costs that can drive insurance costs up.
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The promotion follows a distribution trading partnership deal with MGU PCS.
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The industry could weather a recession, unless loss costs and reserving pressures worsen.
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