The stability of Florida’s property insurance market continues to come into question, as two insurers operating in the state had their ratings withdrawn, while a
The closures have resulted in hundreds of layoffs in the Golden State, the publication said. “We are monitoring to make sure consumers are protected,” California Deputy
“Pricing was strong and exceeded loss costs in commercial lines, even as we increase the inflation factors we are using in our loss ratios in
USAA has announced the appointment of Randy Termeer (pictured above) as president of property and casualty insurance. Termeer joined USAA in 2017 as senior vice
Meanwhile, its net earned premium spiked 43.9% from last year’s $876 million to $1,249.0 million this year. Brit’s attritional ratio of 51.7% showed an improvement
Key findings from the report include: In all sectors, the ability of businesses to diversify and hedge their portfolios and supply chains to reduce dependence
Read more: Ratings downgrade of 17 insurers granted stay of execution – for now The reinsurance arrangement will be run through the state’s last resort
“Due to various circumstances, Demotech will not take any rating action, including affirmation, downgrade, or withdrawal until further notice,” said Demotech president Joe Petrelli in
Aon has announced the release of its Transaction Insurance Claim Study, an industry-wide look at activity in the transaction insurance space in North America and
American International Group (AIG) has announced the appointment of Charlie Fry as executive vice president of reinsurance purchasing and risk capital optimization, effective July 31.
