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A separate Senate report found climate change is also increasing non-renewals. -
Homeowners’ insurance rates have spiked almost 60% since 2018.
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Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
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A California ruling could set an important precedent as other courts consider similar cases.
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Executives have said that the carrier’s conservative reinsurance program made losses sustainable.
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Shawn Parker takes up Gatt’s previous role as COO of Westchester Programs.
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Florida is a state where the company is seeing more capacity in the market, especially admitted availability.
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Sources said the executive will join AJ Gallagher in a regional leadership position.
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Frequency and severity of claims is starting to rise, and comes after sharp softening of rates.
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After recording triple digit growth in 2020-2022, the US cyber market grew just 1.6% in 2023.
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The insurance industry countered that the committee ignored a “toxic mix” of risks driving up costs.
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A look back at the year in P&C (re)insurance, with the aid of some of our visual journalism.
