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Initial expectations for the later storm prove overblown, while inland auto losses mount for the earlier event. -
Excess casualty rates were up 10% and have been double-digit all year, the executive said.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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Worrisome trends in the line may be warning signs of worse to come.
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It’s time regulators take decisive action regarding the company and regulation, sources say.
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The storm is projected to make landfall in the next 24 hours in the highly populated Tampa Bay region.
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Milton stole the limelight from slightly stuck PE-backed brokers, acquisitive globals and the casualty conundrum.
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Sources expect loss amplification in claims from Georgia, the Carolinas and Tennessee.
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In Q2, median property price increases decelerated to 2.3%.
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Idaho and Minnesota far outpaced other reporting states in premium growth, stamping office data shows.
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No-fault state regulation and alleged fraud continue to plague the fraught market.
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Hereford and Maya have written $141mn and $15mn in DWP for H1 2024, respectively.
