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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. -
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.
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Industry loss estimates range from $3bn to $10bn, but loss figures will become clearer in the days to come.
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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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More than 800,000 houses could be affected by the hurricane’s storm surge.
