Personal auto
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The investment firm’s holdings were down to $59mn at the end of Q4. -
The state has seen 11 new entrants into the insurance market, reflecting renewed confidence.
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The company received over 10,100 home and auto claims as of January 27.
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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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