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The Lone Star State has seen rapidly increasing rates in recent years. -
The agency cited SiriusPoint’s recent management moves including lower cat exposure as a driver of the change.
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A first-of-its-kind resolution adopted this week says subrogation can reduce insurance costs.
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The carrier forecasts stable profits, but tariffs are creating “high uncertainty”.
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The law imposes limits on third-party litigation funding, among other changes.
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The BRIC program helped fund local resiliency programs, which can reduce loss costs.
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Howard and Moore were among a group to receive letters over links to prior insurance insolvencies.
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The suit seeks to block insurers from passing through assessment costs.
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A one-time impact would be a mid-single digit increase to physical injury auto severity.
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The release followed the filing of an updated Plan of Operation.
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The deal had HSR approval and was waiting on approval from the UK.
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The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation.
