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Top Stories / Ad / Most Recent
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The mayor-elect has promised to build 200,000 new units in New York City. -
By line of business, $35mn of the charge relates to commercial auto and $5mn to personal auto.
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Lighter cat losses a plus, while top-line, organic growth and reserving concerns persist.
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The request cites use of Verisk’s forward-looking wildfire model.
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Sources said that the carrier’s listing is expected to raise around ~$100mn.
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The measures also seek to encourage greater wildfire mitigation efforts.
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Social inflation, reserving, and organic growth are the topics to watch this earnings season.
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Under the new law, vehicles will only be required to carry $100,000 in PIP per person.
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Rates need to be fair but also should not be “destructive of competition”.
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Economic unease will join cat losses, renewals, and organic growth as Q1’s key topics.
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Universal submitted allegedly ineligible claims to the Florida fund.
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RBC reports can help regulators identify weakly capitalized companies.
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The insurer has lined up Piper Sandler and KBW to run the process.
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The bill also creates a governing board comprising insurance and consumer reps.
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Inflation, tariffs and climate change are all making for an uncertain 2025.
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The losses do not change the near-term assessment of CinFin’s balance sheet strength.
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By contrast, capacity remains tight at the lead level.
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No named storms exceeded AFG’s $70mn cat retention.
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The “Golden Age of Specialty” continues in the Q3 releases of these specialty companies.
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Increased antitrust activity and the NFIP’s dissolution would present new challenges for the industry.
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The executive joins Selective after 19 years at Progressive.
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Potential for rate cuts at the upcoming Fed meeting should be an addressable event for P&C insurers.
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The deal helps boost Davies’ growth across North America and Canada.
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The industry could weather a recession, unless loss costs and reserving pressures worsen.
