SPECIAL REPORT
May 30, 2024 08:28 AM (EDT)
Higher homeowners’ premiums, a decline in legal costs related to recent legislative efforts and the ongoing de-population of the state-backed insurer of last resort are the backdrop as Florida’s property insurance market churns toward another hurricane season, according to a new AM Best report.
May 28, 2024 09:16 AM (EDT)
Net investment income in the U.S. property/casualty insurance segment hit a record high in 2023 of $73.9 billion, bolstered by the higher interest rate environment, according to a new AM Best report.
STRATEGY
May 29, 2024 11:43 AM (EDT)
Sompo Holdings Inc. unveiled a strategy through fiscal year 2026 focused on international growth, mergers and acquisitions, an effort to regain trust in Japan's property/casualty market and the challenges of an aging domesti
CALIFORNIA
May 29, 2024 12:31 PM (EDT)
The California FAIR Plan’s share of the state’s overall residential policies in force rose to 3.1% in 2022, nearly double the 1.6% it held before wildfires in 2017 and 2018 caused tens of billions of insured losses.
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