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California did not release September metrics, instead restating its historical data. -
The figure does not include NFIP losses.
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Sources expect loss amplification in claims from Georgia, the Carolinas and Tennessee.
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The numbers will be refined further to arrive at an industry loss estimate.
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Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.
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A large number of new entrants and the growth of litigation finance challenge E&S enthusiasm.
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Third-party litigation funding has been linked to rising casualty insurance prices.
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D&O direct written premiums fell 8% YoY as of June 30, and direct earned premiums declined 16%.
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Tallahassee avoided a major hit – but flood and storm-surge losses remain unknown.
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Attendees concurred that they don’t expect the “Golden Age of E&S” to end anytime soon.
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An unexpected shift east towards Tampa could push losses beyond $10bn.
