Markets
U.S. Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report
Home insurance costs that have soared in much of the U.S. may get even higher. Tens of millions of properties around the country are insured at prices that haven't caught up with the danger of ...
‘Hard But More Manageable’ Jan. 1 Renewals; Little Relief on Retentions
The hard reinsurance market in property-catastrophe reinsurance isn't coming to an end at Jan. 1, 2024, but reinsurers are likely to deploy more of their capacity next year, broker executives said ...
When Will the Hard Reinsurance Market End?
Higher retentions on property-catastrophe reinsurance programs are here to stay going into next year's renewals, reinsurance brokers predicted recently. Related article: 'Hard But More Manageable' ...
Satisfaction Stable In Challenged Homeowners Market; Erie Ranks Highest: J.D. Power
As U.S. homeowners and renters are seeing rising premiums or policy cancellations due to a combination of natural catastrophes and regulatory pressure, the J.D. Power 2023 U.S. Home Insurance Study ...
AM Best Revises U.S. Homeowners Segment to Negative
AM Best said it has revised its outlook for the U.S. homeowners segment to negative from stable following three consecutive years of net underwriting losses as a result of above-average numbers of ...
For 5th Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best
Total U.S. surplus lines direct premiums written (DPW) rose by 19.2 percent to reach a record $98.5 billion in 2022, marking a five-year streak of double-digit growth rate increase, according to a ...
New Florida Immigration Law Could Worsen Property Insurance Costs
If Florida insureds and insurers haven't been pummeled enough by rising costs in recent years, they could soon see another factor that could hit them in the pocketbook. Florida's tough new ...
J.D. Power: Auto Insurance Shopping Reaches All-Time High
The percentage of American households with cars and without auto insurance rose during the first half of 2023, and the share of customers who say they are shopping for auto insurance reached a record ...