A rating correction is widely expected in 2018 after reinsurers said they would push for increases in response to catastrophe losses that have highlighted their softer margins
Four of the listed Florida insurers have ceded more than $1.2bn of third quarter catastrophe claims to their reinsurers, based on estimates from their quarterly disclosures
US homeowners' insurance premiums are forecast to expand by 2 percent to $93bn in 2017, but underlying returns on equity (RoEs) from the business are still deteriorating, according to Aon Benfield
US property insurers are pushing for base case rate increases of 10-20 percent on catastrophe-exposed business, even for loss-free accounts, according to a client advisory from broker Lockton
Florida Citizens Property Insurance is expecting to take on another 100,000 to 150,000 of mostly multi-peril policies in the next couple of years following Hurricane Irma's strike on the state
The Californian wildfires could add as much as another $10bn of industry losses to the 2017 catastrophe tally, as reinsurers debated whether disclosures on third quarter events were keeping pace with expectations
