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Prior to 2019, the Fair Plan’s commercial limits had not been adjusted in over two decades. -
Inside P&C’s news team runs you through the key highlights of the week.
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WTW’s survey cites regulatory risk, health and safety precautions and bribery and corruption on the list of top D&O risks.
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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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Quote submissions for April 1 were later than usual, with some coming down to the last minute, according to sources, as carriers remained cautious over increasing exposure despite price increases.
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The private broker said replacement cost values in the homeowners' sector will also go up this year to offset increased construction costs and inflation.
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High-impact rate filings in California have driven increases nationwide.
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Gangu was previously president of the insurance and services division and COO at SiriusPoint.
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Root’s challenges generate lessons for other InsurTechs, as its stock value crash leads to a management exodus, and the banking collapse dries up funding needed to balance cash burn.
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WTW said driver shortages continue to force contractors to use younger, often less experienced drivers, potentially putting upward pressure on losses.
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Like Florida, Louisiana is no stranger to legal system abuse, the institute said.
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US District Judge Richard Andrews struck down the arguments by some insurers that the judgment inflated claims and contained factual errors.
