Homeowners' insurance
-
Concern about vague cat modeling language was a theme at a Tuesday workshop.
-
Commercial lines will remain bifurcated, with strong growth in property and weak growth in liability.
-
Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines.
-
A litany of underwriting and quoting constraints has made it much harder to write business.
-
Tim Cerio also credited litigation reforms for the current market recovery.
-
He will manage the region’s sales and service teams.
-
CoreLogic’s report for April 2024 saw rising costs across four common loss scenarios.
-
The company has retained Tony Ursano’s IAP for the raise.
-
Mutuals struggle to react and adapt to a worsening loss environment.
-
The carrier stopped accepting new HO business in the state last May.
-
This year, the association’s funding will come to $4.05bn with a $2.45bn retention.
-
The body’s budget committee is again pressing Citizens over solvency concerns.
-
Sure is the first Demotech-rated insurer to offer surplus lines homeowners.
-
Headwinds weigh on carrier results, but premiums and surplus remain mostly stable.
-
Loss ratios and surplus improve for the group, but don’t guarantee this is a turning point.
-
A January freeze saw temps drop to close to -50°F.
-
The CPI all items index was at 3.2%, from 3.1% in January.
-
Commercial lines difficulties continue to weigh down industry results.
-
Sizeable investment returns masked 10-year high underwriting losses.
-
Personal lines rate filings are rising, even as some inflation drivers slow.
-
Slide, American Integrity, and Security First were approved.
-
Increased cat losses in property offset auto improvements.
-
The carrier has filed to withdraw from nine states total.
-
The non-renewals will continue through June 15, 2025.
-
Insured loss estimates are not yet available.
-
Twia’s actuarial and underwriting committee made the recommendation last week.
-
The downgrades reflect Gallatin Point’s recent acquisition of a majority stake in TRUE.
-
A hearing with the Florida Office of Insurance is scheduled for February 21.
-
CSAA writes over 70% of its business in the Golden State.
-
The changes will be up for discussion at a March 26 public hearing.
-
The company is aiming for a 2024 Florida rollout, offering HO-3 and DP-3 policies.
-
The reciprocal will write homeowners’ insurance primarily in Florida.
-
The home insurance start-up claims the fundraise was made at a $1bn-plus valuation.
-
The carrier expects to re-emerge after operating as going-concern Anchor.
-
The parties also signed a release of claims arising from the Vesttoo fraud.
-
Over $1bn in claims had been paid as of November 30, 2023.
Most Recent
-
Aon completes NFP acquisition for $13bn
April 25, 2024 -
Aon US property leader Rick Miller passes away at age 62
April 25, 2024