Earnings

The executive said he was prepared to accept volatility rather than passing margin to reinsurers.

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

The company has yet to see the standard market meaningfully impact rate or flow in the aggregate.

The Inside P&C news team runs you through the earnings results for the day.

These changes include increasing all payroll deductibles to specific minimum levels by coverage A limit, adding wind and hail deductibles in multiple states and transitioning to an ACV schedule for roofs as the standard offering.

After launching in West Virginia and Maine in early 2024, the New Jersey-based firm will target expansion in the western half of the country.

This is manifesting itself in sharp rate gains in the specialty insurer’s property book, while public D&O continues to decline at alarming rates.

The InsurTech formed a new Cayman Island-domiciled risk bearing entity Lemonade Re, where it plans to hold some of the retained risk.

In the quarter, Root saw its auto policies in force shrink 31.5% to 203,840, though they were up slightly from 199,685 policies in Q1 2023.

During the period, the legacy business completed a $1.9bn LPT with QBE and a $245mn LPT with RACQ Insurance.

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

The Inside P&C news team runs you through the earnings results for the day.