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Boost Prices or Retreat? How Carriers Improved Homeowners Books in 2024
May 21 2025 // Direct written premiums in the U.S. homeowners insurance market rose more than 13 percent in 2024, and the net combined ratio for the line fell below breakeven for the first time in five years. Higher prices explained much...
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
May 20 2025 // Insurance industry financial strength rating agency AM Best said today that a decision to stop updating a National Oceanic and Atmospheric Administration disaster database could be detrimental to insurers and may require...
Japan’s Big Non-Life Insurers Plan to Sell Cross Shareholdings
May 20 2025 // Japan’s three major casualty insurers plan to sell a total of about ¥1.37 trillion ($9.5 billion) of cross-held shares in the fiscal year started April in a push to reduce strategic holdings in line with government...
Complaints About Florida Insurers Have More Than Doubled in 5 Years, or Have They?
May 19 2025 // Consumer complaints about property-casualty insurers in Florida have more than doubled in the last five years and are on track to reach a new high in 2025, according to data provided by Florida regulators. Insurance...
Diversification, Risk Modeling Top of Mind for Carriers as Cyber Liability Market Softens
May 19 2025 // As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year’s PLUS Cyber Symposium in...
People Moves: Medical Liability Insurer EmPRO Expands to Massachusetts, Names 3
May 14 2025 // Medical malpractice insurer EmPRO Insurance Co. has opened its first office in Massachusetts. The new Boston office marks EmPRO’s further expansion into the New England market, following prior entries into New...
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