-
Rising inflation could raise claims severity but also increase investment income. -
The class can collectively challenge State Farm’s property claims calculations.
-
All lines except workers’ comp are up year over year, however.
-
The losses were below May’s $777mn, but almost 3x higher than for June 2024.
-
Rate gains are easing across many commercial and personal lines.
-
US events accounted for more than 90% of global insured losses.
-
June’s increase was up from May’s 0.2%.
-
Nominee Neil Jacobs was warned cuts will cause ‘rising home insurance rates’.
-
In the US, the index fell 6.7% year on year.
-
Despite predicting fewer hurricanes, the numbers are still above average.
-
His 30 years of experience includes stints at Tokio Marine and Swiss Re.
-
This is up from the $300mn in capacity the MGA secured in 2024.
