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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.
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Storms in the UK and Ireland drove losses in the commercial segment.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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The 12 insurers together have $418mn in policyholder surplus.
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The prediction comes after a highly active hurricane season in 2024.
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Colorado State University is predicting 17 named storms, nine hurricanes and four major hurricanes.
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The carrier has received 12,300 claims as of 28 March.
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Cat losses last month were lighter than historical trends, but all eyes are on Q1 figures.
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The March 13-16 storms would mark the first billion-dollar US SCS event of the year.
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The insurance industry has experienced mounting losses from severe convective storms.
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The agency collects gold standard data and conducts research. Without that, there’s more uncertainty.
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