Homeowners' insurance
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The company has retained Tony Ursano’s IAP for the raise. -
Mutuals struggle to react and adapt to a worsening loss environment.
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The carrier stopped accepting new HO business in the state last May.
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This year, the association’s funding will come to $4.05bn with a $2.45bn retention.
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The body’s budget committee is again pressing Citizens over solvency concerns.
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Sure is the first Demotech-rated insurer to offer surplus lines homeowners.
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Headwinds weigh on carrier results, but premiums and surplus remain mostly stable.
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Loss ratios and surplus improve for the group, but don’t guarantee this is a turning point.
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A January freeze saw temps drop to close to -50°F.
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The CPI all items index was at 3.2%, from 3.1% in January.
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Commercial lines difficulties continue to weigh down industry results.
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Sizeable investment returns masked 10-year high underwriting losses.
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