-
Insured losses were the second highest on record for the first quarter. -
The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
-
The insurer achieved an 86.4% acceptance rate of the policies selected.
-
After seven years of premium rate growth, rates are down 5% to 40% across the US.
-
Economic unease will join cat losses, renewals, and organic growth as Q1’s key topics.
-
The suit alleges a “deliberate scheme” to deny smoke damage claims.
-
Storms in the UK and Ireland drove losses in the commercial segment.
-
Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
-
The 12 insurers together have $418mn in policyholder surplus.
-
The prediction comes after a highly active hurricane season in 2024.
-
Colorado State University is predicting 17 named storms, nine hurricanes and four major hurricanes.
-
The carrier has received 12,300 claims as of 28 March.
