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Workers’ comp releases continue to mask deteriorating reserves in 2023. -
Tim Cerio also credited litigation reforms for the current market recovery.
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This compared to a 20.6% YoY increase for February and January.
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He will manage the region’s sales and service teams.
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CoreLogic’s report for April 2024 saw rising costs across four common loss scenarios.
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The company has retained Tony Ursano’s IAP for the raise.
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Mutuals struggle to react and adapt to a worsening loss environment.
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The downgrade reflects the company’s balance sheet strength, which AM Best assessed as weak.
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The carrier stopped accepting new HO business in the state last May.
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This year, the association’s funding will come to $4.05bn with a $2.45bn retention.
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The body’s budget committee is again pressing Citizens over solvency concerns.
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Sure is the first Demotech-rated insurer to offer surplus lines homeowners.
