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Floridians will bear the brunt of Idalia's losses as a retention event, but reinsurers will reap the benefits of pricing. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Out of the roughly 88 claims received so far, some were storm surge claims that are not covered by the carrier, according to the executive.
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According to filings, USAA will only accept new policies in areas with a Wildfire Risk Score of 1 out of a possible 32 points, where higher numbers indicate a greater risk of wildfire losses.
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Inside P&C’s news team runs you through the key highlights of the week.
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Florida posted 8% growth for August, marking a stark decline from 48.8% in July, while Texas’s surplus line premium grew 16.7% year-on-year, down from 28.1% the previous month.
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Karen Clark & Company said the majority of insured losses will incur from US wind and storm surge damage, apart from just under $5mn which was attributed to winds across the Caribbean.
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The market has passed a watershed around the apportionment of losses for attritional cat events between insurers and reinsurers.
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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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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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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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Earlier this month, Inside P&C revealed that the underwriter hired ex-Ascot EVP Becker and a team of four executives to spearhead the Aquiline-backed MGA’s entry into D&O.
