Insurers

The bill removes a previous Farm Bill requirement mandating that carriers purchase unlimited catastrophic reinsurance. Instead, companies can purchase “adequate” catastrophic reinsurance.

There’s a “willingness of respect” from reinsurers regarding how the shock of dramatic price increases can put regional and mutual carriers under a lot of pressure, said Greg Moore.

HDI Global has agreed to acquire Indiana Lumbermens, a subsidiary of Pennsylvania Lumbermens Mutual.

Pricing, reserves and uneven catastrophe losses will be the theme this quarter.

Shifting economic winds make growth plays more attractive, causing insurer stock performance to lag though short interest remains flat.

Inside P&C’s news team runs you through the key highlights of the week.

Pricing, catastrophes and rising costs are headwinds for this quarter’s insurer results, but brokers should be buoyed by continued inflation.

Personal lines underperform predictions, while brokers and InsurTechs are a positive surprise (for now).

Inside P&C’s news team runs you through the key highlights of the week.

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

The regional cohort keeps pace with nationals on pricing, and stays ahead on reserving trends.

Although 2022 was on balance, a good year, macro-economic issues such as a slowing economy, falling employment, and loss cost reversion could create an overhang for 2023.