State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%. According to insurance industry ratings firm AM Best, the policy counts of personal and commercial property Fair Access …
The start of hurricane season made me think about a topic that many of us don’t often think about in P&C insurance: residual markets. The 21st century insurance marketplace in the US is nominally a free market, but we all …
A record-high 3.31 million residential and commercial policies were offered through state-run property insurers of last resort in the United States in 2011, a 17 percent increase over the previous record of 2.84 million in 2010. More than half of …
