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Rising inflation could raise claims severity but also increase investment income. -
BI claims are notoriously difficult to manage and some insurers believe binary coverage can help.
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The losses were below May’s $777mn, but almost 3x higher than for June 2024.
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The suit claims billions of dollars are being illegally withheld.
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Rate gains are easing across many commercial and personal lines.
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The US accounted for 92% of all global insured losses for the period.
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US events accounted for more than 90% of global insured losses.
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The Inflation Reduction Act 2022 established new tax credits to incentivize investment in renewables.
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State legislation has led to major strides in rate adequacy.
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Social inflation, reserving, and organic growth are the topics to watch this earnings season.
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Category 4 and 5 storms could become more common and hit further north.
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Nominee Neil Jacobs was warned cuts will cause ‘rising home insurance rates’.
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