Major losses
-
Forecasts for “near-normal” activity may mean the chance at a reprieve for the Florida market, but a history of underestimates warrants caution.
-
The loss for the month was 60% comprising losses from two wind and hail events.
-
With social inflation increasing since Covid, ProAssurance’s recent announcements could be the tip of the iceberg for older claims in the industry.
-
Sources said the placement is led by FM Global, but exposure is spread between the US and London property markets.
-
The carrier will continue to push for more auto rates through 2023 as drivers of severity continue to persist.
-
The auto insurer’s results were adversely impacted by prior-year claim reserve additions and catastrophes.
-
The carrier contended with 10 events over the month, with 75% of its losses stemming from three wind events.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Losses stemmed from over 20 weather events, including severe freezes in February and widespread wind and tornadic activity in mid- to late March.
-
The carrier cited a “huge” spread of possible outcomes from various lawsuits relating to aviation claims from the conflict.
-
Total economic losses came in well above average, driven by the earthquake in Turkey.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
Most Recent
-
AM Best downgrades Pure’s financial strength rating to A
June 02, 2023 -
M&A weekly roundup: MMA, Gallagher, Inszone and more
June 02, 2023