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he executive pointed to the reported outline of the bill – including $100bn to spend on roads and bridges, $65bn for broadband, and $17bn for ports – as having the potential to increase demand for insurance. -
The company is considering pricing actions, primarily in the homeowners’ line, as inflation accelerates.
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Texas-based Goosehead Insurance posted a 40% increase in Q2 core revenue.
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“I think it's fair to say that the market momentum is clearly there,” Grandisson said on Thursday.
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The workers’ comp insurer reports a Q2 drop in combined ratio and net premiums earned.
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He suggested that the company might be willing to allow higher commissions.
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It was nearly 900% up on the year-ago figure, as the insurer’s executives cautiously welcomed new Florida legal reforms.
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Rate in excess-of-loss cost trends translated into margin improvement for the quarter.
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The New Jersey-based insurance group has rebounded from prior-year Covid-19-related challenges, calling this its "strongest capital position in history".
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Universal Insurance Holdings reports premium growth and lower cat losses in Q2.
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The reinsurer grew its casualty pro rata reinsurance book by 64%, adding $218mn in GWP.
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The insurance division added almost $300mn in premium in the quarter, while volumes in reinsurance were higher by $360mn.
