Markets
Reinsurance Buyers Find ‘Smoother’ January Renewals With Ample Capacity: Guy Carpenter
Ceding companies are finding that a responsive reinsurance market has materialized for the Jan. 1, 2024 renewals — a reflection of ample capacity and a commercial approach to trading partnerships, ...
No Sugarcoating: Availability Before Affordability, Calif. Regulator Says
If the old adage "As California goes, so goes the nation" is true, then 2024 will be another year of industry retooling as insurers and regulators set a path for the future of the U.S. P/C property ...
Saying Goodbye to 2023: When Will California’s Insurance Crisis End?
"Sorry, America, Your Insurance Has Been Canceled" The words were printed on an iconic Time magazine cover from 1986 depicting a bolt of lightning striking a distant American flag positioned at the ...
California Commish Warns Insurers About Auto Insurance Consumer Complaints
California Insurance Commissioner Ricardo Lara issued an official notice to insurers regarding consumers who have been reporting issues obtaining auto insurance coverage. The California Department of ...
California Workers’ Comp Report Shows Written Premium Nearing Pre-Pandemic Levels
A new report from the Workers' Compensation Insurance Rating Bureau of California shows written premium in 2022 was 14 percent above the previous year. The WCIRB's Quarterly Experience Report is an ...
Apollo-Owned Aspen Insurance Files for IPO in U.S.
Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States, according to a regulatory filing. The company did not disclose ...
Florida Insurers Got Creative About Reinsurance in ’23: KBRA
Things are looking up in the buffeted Florida market, but reinsurance rates will continue to rise for the next two years, and a 2024 hurricane season could be busy. It all suggests that property ...
‘Concerning Trend’ in Auto Theft Rates Pressuring Insurers
Vehicle theft rates continue to put pressure on the personal auto insurance market. CCC Intelligent Solutions said in its year-end report that the number of vehicle thefts in the U.S. increased 2 ...