-
There are signs that Florida’s insurance industry is coming under increasing legislative scrutiny. -
The funding round valued the company at around $850mn.
-
Excess/umbrella liability and commercial auto broke the trend with high price increases, however.
-
Executives see earnings benefits from workers’ comp beginning to diminish.
-
Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
-
Wows will offer coverage tailored to high-value properties, written on non-admitted paper.
-
The commissioner said in a legal bulletin that smoke claims can’t be “summarily denied”.
-
The company said it now expects the transaction to close in H2 2025.
-
Competition for specialty reinsurance talent remains high.
-
Insurers and distributors must adapt or risk irrelevance.
-
The unfunded commitment related to the investment was $24.4mn in 2024.
-
Hippo estimated its pre-tax cat loss from the LA wildfires at $42mn.
Most Recent
