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The PE fund says Argo failed to indemnify it for costs related to a probe by New York’s attorney general. -
Admitted carriers on the other hand are still exercising caution as regulatory reforms take hold.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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The MGA said payments to affected customers began shortly after the event.
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A string of high-profile bankruptcies has put more scrutiny on the once marginal sector.
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Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.
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A jury awarded $32.3mn for repair costs, and $80mn for business interruption.
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Light cat losses at year-end portend capital deployment and return decisions in 2026.
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The city said it was self-insured at the time of the attack.
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The peril has been historically difficult to model compared to others.
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Sizable reserve releases offsetting casualty reserve charges cannot last forever.
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Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
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Despite a softening market, underwriters were still able to attain up to 10% above technical pricing.
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With property getting more competitive, FM pursued an opportunity for growth in E&S with Velocity.
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Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.
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The plaintiffs' bar has been playing out the same rulebook for 15 years. It’s time the defense catches up.
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The tech error, now resolved, halted traffic to sites like X and ChatGPT.
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Kemper and Selective’s woes stem partly from own issues, but industry-level issues persist.
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The deal to reopen the government also extended the NFIP.
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The MGA began offering US commercial E&S property products in December.
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Many nuclear verdicts become much less radioactive on appeal.
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The loss would be one of the largest ever for mining underwriters.
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California may not be the only state to see non-economic damage caps in medmal get challenged.
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Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
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The executive said inflation isn’t completely gone but is now “more understood”.
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The credit can now be applied to mitigation against operational losses.
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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Widespread underinsurance and low exposures will limit losses.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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Many commercial risks will have London coverage, but insured values are relatively low.
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The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
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Exposure for California’s Fair plan has jumped, as insurers drop policyholders.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
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The global insurer will need to convince investors on the quality of the book.
