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The NAIC argued that crass use of industry data would not accurately reflect climate change impacts on affordability. -
Insurers have been keeping an eye out for discussions concerning property insurance market reforms in the state.
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Third-quarter statutory data reveals premium growth, worsening loss ratio because of increased loss cost trends and Hurricane Ian.
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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 CEO emphasized that the estimate is a modeled estimate and does not include litigation or inflationary pressures.
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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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Management are now likely to focus on growing the business given the turn in market conditions, rather than rebooting the process immediately, sources said.
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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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Expanded state reinsurance support and legal reforms will be top priorities as Florida insurers face another retention loss.
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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 program has paid out $437mn to policyholders so far.
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Q3 reserve releases were driven by an improvement in claims developments in most lines of its long-tail unit, as well as in its energy and property lines in the short-tail book.
