Property

The study says a more La Niña-like environment has driven the trend.

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

In some cases, sources said, wages have increased between 25% and 35% over the last 12 months.

By failing to pass plans for new roof damage deductible, Citizens Property policy reductions, Florida lawmakers left property insurance reforms in limbo.

Low property valuations, misunderstanding of CBI coverage and increasingly unpredictable natural catastrophes are top challenges for 2022.

In Madison County, 52 homes were damaged or destroyed across nearly 14 miles, and many homes had just the foundation left.

The Senate bill contains a highly debated provision that could cause homeowners to face a new deductible for roof-damage claims.

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

Kevin O’Donnell also said 1.5pt rises in ceding commissions for long-tail line treaties were an “acceptable” increase in acquisition costs, given improved underlying profitability.

Terminated staff had hoped the dismissals might be forestalled after the company pushed back the soft reopening of offices until at least February.

Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.

Rates have risen, but cost inflation, climate change, retro renewals and S&P changes mean cat reinsurers are worse placed than in 2021.