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As the loss numbers for Hurricane Ian begin to come into focus, three topics to watch are impact from demand surge, litigation trends, and rate activity. -
Hurricane Ian’s total effect is still unknown, but lessons from Hurricane Irma give insight into potential outcomes.
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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.
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Last week, Governor Ron DeSantis recommended approving the additional budget.
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The average tax rate for the 10 largest P&C insurers is 17.9%, well above the corporate alternative minimum tax’s 15%.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Specialized carriers and MGAs building growing books in the specialist market are in no rush to see legalization that would usher in larger competitors.
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The broker said the IRA is not expected to have a materially adverse impact on its ability to utilize tax credit carryforwards, according to SEC filings.
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Nicole Fried cited her department’s duty to act in consumers’ best interests.
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The ratings agency said the proposed restructure posed execution risk, but regulatory approval would alleviate short-term uncertainty.
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With many local insurers essentially “zombie companies”, state legislators need to end one-way fees and assignment of benefits.
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Joe Petrelli said Demotech would continue to follow its independent methodology, despite outside pressure.
