Major losses
-
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.
-
Slide, American Integrity, and Security First were approved.
-
Insured loss estimates are not yet available.
-
Sources said preparations for a 2024 IPO were halted, but work could resume later this year.
-
The US tallies $97bn in economic losses from major perils each year.
-
The agreements emerged from a mediation process.
-
Two events comprised approximately 80% of the losses.
-
Rainfall over the weekend was a “one-in-1,000-year” event, according to UCLA.
-
A so-called atmospheric river effect is behind the severe weather.
-
Cat losses and inflation weakened the company’s operating performance.
-
Corvus reported a 34% rise in the number of active ransomware gangs.
Most Recent
-
Axis primary casualty head Jordan-Foster exiting
March 18, 2024 -
Insurance Insider US launches E&S hub
March 18, 2024