State Farm

Hurricane Ian’s total effect is still unknown, but lessons from Hurricane Irma give insight into potential outcomes.

If current forecasts prove accurate, this will be a pivotal moment for the already off-balance Florida cohort and could result in a new market landscape.

Claims analysis shows slow reactions to negative trends can affect several quarters, but carriers who emerge strong will be able to pursue growth faster than the competitors who are always playing catchup on loss cost trends.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Market sources are suggesting inflation could require a wider group of US cedants to buy $10bn-$20bn of additional cat coverage for 2023.

All claims and counterclaims in the case were dismissed with prejudice, barring the parties from bringing the dispute to another US court.

Excessive litigation costs and continued losses threaten the Sunshine state’s market.

Forecasters have again predicted an active season for storm activity, with the Florida market particularly vulnerable to high cat activity.

Data from Apple and Google show that Omicron has slowed the return to driving in some of the largest states by premiums.

Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.

Inside P&C's Research team looks at the prospects of Florida's wave of new arrivals.

A complex web of factors are creating uncertainty around the likely insured loss, but much early discussion centers on a $20bn-$25bn range.