-
The Senate bill contains a highly debated provision that could cause homeowners to face a new deductible for roof-damage claims.
-
The Floridian carrier recorded $8.1mn cat losses net of reinsurance compared with $27.9mn a year earlier.
-
The mid-year renewal will be a challenge as rates increase to reflect market costs
-
A similar ‘day of reckoning’ could befall many other carriers as 1.6 approaches, the ratings firm said.
-
This is the first month-on-month rise in claims since July 2021, despite last year's reforms.
-
Universal Insurance Holdings books $30.7mn reserve charge and sees $21.5mn in weather above plan for Q4, with shares plunging on the news.
-
State Senator Jeff Brandes withdrew his amendment to an insurance omnibus bill but said he would bring the concept back before the legislature.
-
Assignment of benefits (AOB) cases rose to a third of all new litigated cases in December.
-
The former Markel Catco CEO won a stay pending a decision in Bermuda.
-
The transaction reflects the evolution of the Weston Group and its plans to expand its coastal offerings across the US.
-
The assumption of the policies, which the Florida-based insurer acquired for the price of the unearned premium, is retroactive to December 1.
-
Homeowners MGA and insurer Lighthouse Management raised $65mn in a senior debt private placement in New York.