-
Inside P&C takes a closer look at the NY construction market, which represents a unique challenge to insurers and insureds due to density and strict labor laws. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Administered by FEMA, the NFIP holds 4.7 million policies in force and provides $1.28tn in coverage across 56 US states and jurisdictions.
-
Despite “strong” policy growth and a successful culling of discretionary expenses, "more substantial” action was needed to reduce costs at the cyber InsurTech, its CEO said.
-
The first non-renewals are scheduled for May 2024 in what is expected to be an 18-month process.
-
Head of underwriting Matthew Waller welcomed an FCA letter that called for policy wordings that are clear and that customers understand the coverage they are buying.
-
AM Best recorded 2022 US E&S direct written premium at just under $100bn in another year of strong growth.
-
Bianconi joined Aspen in 2016 and has held a number of roles including, most recently, as head of US cyber.
-
Inside P&C’s news team brings you all the top news from the week.
-
US commercial and personal auto insurer claim payouts combined were up between $96bn and $105bn for the period from 2013 to 2022.
-
The business reductions will affect policies up for renewal from December 2023 to July 2024.
-
Coalition also announced the formation of a dedicated $300mn reinsurer, Ferian Re, in partnership with BDT Capital Partners.
