Property

The US continues to experience catastrophic flash flooding and heavy rainfall events that are impacting “inland” areas across the country, as well as coastal areas.

The facility will support quota share capacity with Anchor Re on behalf of SageSure carrier partners.

Carriers will address exposure to catastrophe losses, higher reinsurance costs, macroeconomic factors and inflation.

Across Mississippi, Alabama and Tennessee, around 34,000 customers remained without electricity as of Monday morning.

The new 2022 stat data shows personal lines premium has grown year-over-year, but the loss ratios have been hit hard by catastrophes and loss cost inflation.

Business is surging into the E&S market, with rates up in the triple digits in some instances, as carriers combat claims volatility.

2022 statutory data is now available, and results show winners and losers

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

Intermediaries have highlighted the ‘evolution’ in reinsurance buying as hard market conditions are expected to continue.

Carrier and broker sources canvassed by this publication indicate that whatever they imagined pre-January 1 reinsurance renewals, the community is experiencing an even harder market.

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

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