US Southeast/Gulf
-
The executive had been Stone Point’s representative on Higginbotham’s board. -
State legislation has led to major strides in rate adequacy.
-
Category 4 and 5 storms could become more common and hit further north.
-
Despite predicting fewer hurricanes, the numbers are still above average.
-
Florida recorded premium growth in June after declines in May and April.
-
The regulator said further measures could still be passed in this session.
-
The legislature did pass Twia reforms, however.
-
Most of the losses are attributable to a supercell storm in Texas.
-
One measure could give regulators greater leeway to deny rate requests.
-
TSR previously predicted activity slightly below the 1995-2024 average.
-
The agency forecasts up to five major hurricanes and 19 named storms.
-
Proceeds will expand the company’s reinsurance protection in Florida and South Carolina.
