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A string of Florida carriers have had their financial stability ratings downgraded by Demotech in recent weeks. -
The state Governor’s goal is ‘to have a functioning market’ for property insurance in Florida.
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Discussions around rates remained amicable despite years of compound rises.
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The move is part of the process that allows the Louisiana Insurance Guaranty Association (LIGA) to take over claim payments, ensuring most policyholders with pending hurricane claims will get paid.
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Based in Boston, the executive will report to Michael Garrison, head of Navigators wholesale.
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Mark Herget joined Fidelis in April 2020 as an underwriter before being transferred to its Bermudan operation in November of the same year.
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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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The study says a more La Niña-like environment has driven the trend.
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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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In some cases, sources said, wages have increased between 25% and 35% over the last 12 months.
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By failing to pass plans for new roof damage deductible, Citizens Property policy reductions, Florida lawmakers left property insurance reforms in limbo.
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Low property valuations, misunderstanding of CBI coverage and increasingly unpredictable natural catastrophes are top challenges for 2022.
