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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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Panelists at Inside P&C New York highlighted the changing role of MGAs, as legacy carriers pull back from cat-prone areas to combat growing losses from hurricanes, SCS and other secondary perils, such as wildfires.
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A number of the largest hurricanes have come post-peak, but the industry remains well capitalized.
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Differing trends in short- and long-tail lines offset each other to create a net positive for the industry, though the releases are slowing significantly.
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Inside P&C’s news team runs you through the key highlights of the week.
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Hale Partnership CEO Steve Hale added that the policies in the area where Idalia hit represent less than 5% of the carrier’s book.
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The insurance company had set out plans last summer to expand its market share in Florida.
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The reciprocal exchange received a consent order on Friday and is expected to begin underwriting in December
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Inside P&C’s news team runs you through the key highlights of the week.
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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 hurricane, now a Category 1, is tracking around 100 miles west of Savannah, Georgia and is expected to pass through the Charleston area of South Carolina.