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Less confidence in the ability of insureds to properly value property will make insurers seek to hedge concerns through coverage restrictions or rate increases. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Consumers expect broad inflation to be around 5% to 6% over the next year but return to pre-Covid levels in the medium term.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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If Hurricane Andrew were to hit the coastal regions of Florida today, insured losses would be nearly four times the $15.5bn borne by carriers 30 years ago.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Cedants will either have to cede away more margin to reinsurers, re-underwrite their portfolios to reduce volatility, or dial up their cat bets.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Twia noted that the cancellations had come as Texas enters peak hurricane season.
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The broker sees rising costs pushing more careful underwriting and rate rises across multiple business lines for the rest of 2022.
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Demotech wrote to more than 15 carriers to warn of a possible downgrade last month.
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The carrier will operate regional offices in New York, Chicago, Atlanta and San Francisco.
