Homeowners' insurance
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Floridians had a hard quarter, but they are fighting to regain stability after Ian. -
The homeowners’ InsurTech reported that it has received approximately 6,800 claims associated with Hurricane Ian to date.
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The firm reported better than anticipated earnings factoring in Ian, but a slowing economy could cloud the outlook.
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A challenging legal atmosphere and drift in loss cost components add difficulty to the task of tallying ultimate losses.
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Hurricane Ian, interest rate impact and the cooling economy will be the main themes this earnings season.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Since raising $75mn in a Series C funding in June, the company has launched offerings in two states and launched an insurance carrier.
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Insurers are expecting two waves of claims from Hurricane Ian, the first within 30 days from landfall and the second spreading out for up to two years after the storm.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Universal P&C, the FHCF, Axis, Berkshire and Nephila are among the firms that will be in focus as the loss develops.
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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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The outlook for AmFam's affiliate NGM Insurance's $70mn 7.25% 20-year surplus notes has also been revised to negative from stable.
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