Personal auto
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Loss-cost indicators are high for liability, low for property. -
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Fronting growth fell by half in 2024 due to uncertain loss climate and high cost of capital.
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Rate inadequacy and inflationary pressures represent significant headwinds, however.
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The estimate includes $102mn from Milton and $114mn Helene development.
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Net property losses from Hurricane Milton in October reached $153.6mn.
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The renewal book has auto, home, renters and condo policies, among others.
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Initial expectations for the later storm prove overblown, while inland auto losses mount for the earlier event.
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The catastrophe loss estimate for September totalled $889mn, pre-tax.
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A bill in Congress would expand a similar pilot tried earlier in New York City.
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The storm is projected to make landfall in the next 24 hours in the highly populated Tampa Bay region.
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The lawsuit alleges the data is being used by insurers to increase premiums.
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