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Despite positive inflation headlines, there are issues for insurers under the surface. -
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Data, technology and telematics could turn the struggling sector profitable.
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Korte had been serving as interim president of the unit since December.
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The costs of accident/casualty-related claims continue to rise.
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The InsurTech was also removed from under review, negative.
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Surplus lines are still strong, but not the standout they used to be.
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Newly released annual stat filings on reserve data show some troubling trends.
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Last month’s inflation figures were lower than expected, but tariffs continue to loom.
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Auto and homeowners’ insurance will see effects from the tariffs.
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The industry continues to take reserve addition medicine in smaller doses than recommended.
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The funding round valued the company at around $850mn.
