Florida's insurance markets could be in a better position to withstand disasters' impact spreading to its housing market, ...

Climate change has made extreme weather more prevalent and intense.1 Those consequences are showing up in home insurance premiums, with the average annual cost increasing 30%— $740— since 2021..

U.S. officials proposed Monday to protect the pangolin, a small, nocturnal mammal covered in scales, under the Endangered ...

The number of companies that didn’t pass a financial fitness test the state administers has more than doubled since last year.

We came across a bullish thesis on American Coastal Insurance Corporation (ACIC) on Miroslav Štěpánek’s Substack. In this article, we will summarize the bulls’ thesis on ACIC. American Coastal ...

Florida is predicted to experience another volatile hurricane season, following closely on the heels of damage caused by Hurricanes Helene and Milton. A new study reveals that 14 insurance ...

Casualty reinsurance GWP dipped 1% to £5.2bn, while the combined ratio for the segment was 97.8%, a deterioration of 7.8 points. The underwriting result was £87mn, compared with £398mn in 2023.

Adding to the perception, the percentage of claims closed without payment in the wake of hurricanes Debby, Helene and Milton in 2024 appears to have grown compared with the reported results of ...

Despite a challenging fourth quarter with a $198.5 million net loss, due to mark-to-market losses and Hurricane Milton’s impact, RenaissanceRe Holdings Ltd. (NYSE:RNR) remained strong overall.

This was reportedly driven primarily by $275 million of losses from Hurricane Milton, which were partially offset by a release of $125 million on prior year events, primarily related to Hurricane Ian.

The company's Property segment reported a combined ratio of 71.6%, including a 41.8 percentage point impact from Hurricane Milton. The Casualty and Specialty segment had a combined ratio of 103.7%.

Casualty loss cost trends have been “a major topic on recent earnings calls”, Aon highlighted. “Beginning with the fall 2024 industry conferences, reinsurance executives identified adverse loss and ...