Homeowners' insurance

A string of Florida carriers have had their financial stability ratings downgraded by Demotech in recent weeks.

The downgrade was attributed to weather claims from Louisiana and Texas following the company’s expansion into those markets.

The market is in for more downgrades and, in turn, Citizens will grow further.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The move is part of the process that allows the Louisiana Insurance Guaranty Association (LIGA) to take over claim payments, ensuring most policyholders with pending hurricane claims will get paid.

Inside P&C’s news team runs you through the key developments from the week.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The move will leave nearly 8,000 affluent customers without coverage and unable to turn to state-backed insurer Citizens Property Insurance.

Too many groups have been looking for a free lunch, and when it comes to capital in insurance – you get what you pay for.

The executive said the business model in the high-net-worth space “simply needs to change” as loss costs have risen, fueled by increased frequency and severity.

Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.

In an interview with Inside P&C, CEO Sean Harper said that his company’s low churn rate has driven its solid growth.