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In a presentation before Florida lawmakers, Cerio noted recent success in Citizens’ efforts to move policyholders to private insurers and reduce risk exposure. -
The most important factors driving insured losses over the years include hurricanes, other weather-related events, inflation, and excess litigation.
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HCI subsidiary TypTap Insurance Company has received approval from Floir to assume up to 25,000 policies from Florida’s state-owned insurance company.
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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 first non-renewals are scheduled for May 2024 in what is expected to be an 18-month process.
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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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“They’re playing Moneyball,” Petrelli told attendees during the Inside P&C conference in New York, decrying the increasingly sophisticated ability of law firms to attract clients and parse effective litigation strategies.
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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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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The hire follows an August announcement from the Bermuda insurer of plans to launch a US operation at the beginning of next year.
