One in 50 people and 1 in 35 properties from 32 coastal cities in the US could face significant flooding ...
Sustainability Insights: The Impact Of Rising Insurance Premiums On U.S. Housing
Climate-related events in the U.S., such as floods and fires, appear to be occurring more frequently. Because some projections indicate that such events...
Climate-related events in the U.S., such as floods and fires, appear to be occurring more frequently. Because some projections indicate that such events...
Article / 3 months ago
Florida property insurers post income turnaround in 2023
Florida domestic residential property insurers' income in 2023 moved into positive territory for the first time in seven years....
Florida domestic residential property insurers' income in 2023 moved into positive territory for the first time in seven years....
Article / 4 months ago
Texas approves 36 double-digit homeowners insurance rate hikes in Q3'23
Texas regulators signed off on 36 double-digit rate increases in the third quarter, three of which were the most-impactful hikes in the entire US during the period....
Texas regulators signed off on 36 double-digit rate increases in the third quarter, three of which were the most-impactful hikes in the entire US during the period....
Article / 8 months ago
In shift, California will let catastrophe models be used in rate-setting process
California's insurance department will soon allow carriers use catastrophe modeling when making rate filing requests, but additional regulatory...
California's insurance department will soon allow carriers use catastrophe modeling when making rate filing requests, but additional regulatory...
Article / 9 months ago
Fla. P&C insurers still raising rates after market reform laws take effect
Florida's residential property insurers are taking a cautious approach when estimating how industry reforms passed in late 2022 will impact their premium...
Florida's residential property insurers are taking a cautious approach when estimating how industry reforms passed in late 2022 will impact their premium...
Article / 12 months ago
Fla. insurer of last resort now top 10 US homeowners writer amid market turmoil
Ongoing tumult in Florida's property market has turned Citizens Property Insurance Corp. into one of the largest writers of homeowners insurers in the...
Ongoing tumult in Florida's property market has turned Citizens Property Insurance Corp. into one of the largest writers of homeowners insurers in the...
Article / 1 year ago
Texas approves most impactful homeowners rate hikes in Q4'22
U.S. states employ a variety of rate regulation mechanisms, including prior approval, modified prior approval, file and use, and use and file....
U.S. states employ a variety of rate regulation mechanisms, including prior approval, modified prior approval, file and use, and use and file....
Article / 1 year ago
Reinsurers to attract fresh capital after Jan. 1 wins
While insurers may have winced at the spike in property-catastrophe prices at the Jan. 1 renewals, the resulting rate hikes and new policy terms should spur investor interest in the reinsurance space....
While insurers may have winced at the spike in property-catastrophe prices at the Jan. 1 renewals, the resulting rate hikes and new policy terms should spur investor interest in the reinsurance space....
Article / 1 year ago
US P&C 2023 outlook: reinsurance costs, M&A slowdown, E&S evolution
A hard market, higher reinsurance costs and ongoing low M&A activity are in the cards for property and casualty insurers in the new year.
A hard market, higher reinsurance costs and ongoing low M&A activity are in the cards for property and casualty insurers in the new year.
Article / 2 years ago
Jan. 1 renewals to be late and tough as reinsurers overhaul prices, terms
A wrecked car sits on a buckled roadway in Matlacha, Fla. in the wake of Hurricane Ian. Losses from Ian have helped make Jan. 1, 2023 renewals one of the most challenging in recent years....
A wrecked car sits on a buckled roadway in Matlacha, Fla. in the wake of Hurricane Ian. Losses from Ian have helped make Jan. 1, 2023 renewals one of the most challenging in recent years....
Article / 2 years ago