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Coverage has broadened while limits have increased, the broker said. -
The medical care index numbers were below April’s 0.5% rise.
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Increases dropped to 5.3% from 5.6% for the previous quarter.
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Insurers have termed the Democrat-backed legislation “flawed”.
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Catastrophe losses in Q1 exceeded $50bn, the second highest on record.
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Companies often purchase policies with limits far exceeding their actual exposure needs.
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A 20% increase in FHCF retention levels sent cedants to the private market.
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The collective CoR of 45 Floridians hit 93.1% in 2024
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Rate cuts are slowing as insurers agonize over claims trends, but capacity is high.
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Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
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The company seeks the full 30% homeowners’ rate request it made last June.
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Lloyd’s traditionally avoided US middle market property, but head of P&C Matt Keeping says times have changed.
