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E&S pricing in Texas increased 28.1% to $10.6bn year-to-date, the stamping office reported. -
This price hike contributed to a premium increase of $695mn in the month, bringing the year-to-date impact of 2022 rate increases to $3.6bn.
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Severely distressed, cat-exposed E&S property accounts could even face 100% price increases, while retentions move significantly upwards.
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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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Alvarez & Marsal North America and Latham & Watkins are advisers to the financial products unit in the bankruptcy process.
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On Tuesday, the bill passed in the State Senate 27-13, and today's passage in the House represented an 84-33 party line split.
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Joining from Stroz Friedberg, an Aon company, the executive will be focused on business development, strategy and execution at the organization.
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Inside P&C Research examines E&S sector growth over the past year and revisits historic trends.
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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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The carrier forecasts to incur a pre-tax $51mn-$56mn restructuring charge in Q4 and the remainder in 2023.
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The bill under discussion tackles key concerns like eliminating one-way attorney fees and getting rid of the state’s controversial assignment of benefits right.
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The storm in Florida will drive primary loss costs up for property carriers even more, due to higher treaty attachment levels, the company’s report read.
