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Unpacking how much excess capital there really is and dissecting the source of its returns.
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Litigation funding is a frequent bogeyman for the insurance industry. The feeling isn’t mutual.
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State Farm will need to provide its CA subsidiary with a $400mn surplus note.
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This in turn gives carriers on a tower a little more liberty and less risk to optimize claim outcomes.
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The reforms limit liability for some small businesses in the state.
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Growth in construction projects is increasing the need for coverage.
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Insurers haven’t announced concrete steps – yet.
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The impact could also raise home-building costs by $10,000 per unit.
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The Lone Star State has seen rapidly increasing rates in recent years.
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The agency cited SiriusPoint’s recent management moves including lower cat exposure as a driver of the change.
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A first-of-its-kind resolution adopted this week says subrogation can reduce insurance costs.
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The carrier forecasts stable profits, but tariffs are creating “high uncertainty”.