HCI Group
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The Florida carrier suggested that Ian will not exhaust the state’s reinsurance Cat Fund. -
As the loss numbers for Hurricane Ian begin to come into focus, three topics to watch are impact from demand surge, litigation trends, and rate activity.
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Hurricane Ian’s total effect is still unknown, but lessons from Hurricane Irma give insight into potential outcomes.
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If current forecasts prove accurate, this will be a pivotal moment for the already off-balance Florida cohort and could result in a new market landscape.
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With the most active hurricane month just a week away, the moment of truth has finally come for the already strained Floridians.
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The company sees and opportunity to grow market share in the state.
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The sector was hit by a rough first half of 2022, with more to come in the second half of the year.
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The US P&C carrier is putting more premium through its captive.
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Excessive litigation costs and continued losses threaten the Sunshine state’s market.
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Forecasters have again predicted an active season for storm activity, with the Florida market particularly vulnerable to high cat activity.
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The chunky deal comes as many reinsurers are heavily cutting their Florida cat books.
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Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
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