Heritage
-
Storm losses were down 30% to $13mn, but the prior-year result had benefitted from a one-off gain.
-
Net cat losses were down, but other weather losses rose by 56% to $35.5mn. -
Despite four major storms striking the US, Heritage sees Q3 cat losses decline by 35%.
-
Inside P&C's Research team looks at the prospects of Florida's wave of new arrivals.
-
The Florida insurer’s CEO said he was “cautiously optimistic” that legal reforms would benefit insurers struggling with rising loss inflation.
-
The Florida insurer’s combined ratio rose to an unprofitable 105.2% on higher weather losses and an increase in ceded premium.
-
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.
-
Following strong year-to-date performance, P&C stocks were down in June after a change of tone in a Fed meeting.
-
The total reinsurance program’s cost jumped to $312mn at the renewal, compared with a $272mn price tag a year ago.
-
Higher underlying losses also cost the Floridian insurer, but it managed to deliver prior-year reserve releases.
-
The Floridian insurer expects net current quarter “other weather” losses to make up $16.1mn of the claims tally.
-
Senator Jeff Brandes and local insurance law experts tell this publication that the state’s insurance market will be hugely vulnerable without reform.
Most Recent
-
Daily Digest: Top news from November 22
November 22, 2024 -
Cyber attacks on supply chain up 431% since 2021: Cowbell
November 22, 2024 -
PE firm Capital Z takes $240mn minority stake in retail broker Leavitt
November 22, 2024