Floridians
-
Strategic Review Committee chairman Bruce Simberg sets out the challenge ahead for FedNat as natural catastrophes continue to hit southern policyholders.
-
Coupled with aggregate cover the company has in place, United said Thursday that exposure to cat events for the remainder of its current reinsurance program would be $9mn.
-
The new entity is backed by Gallatin Point Capital, Vantage Group and RenaissanceRe.
-
The company said claims adjusting fees from the event would offset the hit to its retention.
-
The Florida insurer’s CEO said he was “cautiously optimistic” that legal reforms would benefit insurers struggling with rising loss inflation.
-
The insurer had a record quarter for earned premiums, linking the boost to the growth of TypTap, which recorded $39mn in earned premiums.
-
The Florida insurer’s combined ratio rose to an unprofitable 105.2% on higher weather losses and an increase in ceded premium.
-
The carrier reduced its catastrophe retentions and increased quota share reinsurance protection.
-
It was nearly 900% up on the year-ago figure, as the insurer’s executives cautiously welcomed new Florida legal reforms.
-
Universal Insurance Holdings reports premium growth and lower cat losses in Q2.
-
Florida-based Gulfstream is forced to liquidate after falling into insolvency.
-
Heritage expects to incur $24.5mn of net current accident quarter catastrophe losses and $11mn of net current accident quarter other weather losses in Q2 2021.
