Regulation & Compliance
Louisiana Insurance Commissioner Approves Citizens Rate Increase of 63%
Louisiana Insurance Commissioner Jim Donelon approved a significant rate hike for Louisiana Citizens residential property insurance policies, a move the insurance ...
Opinion: Consumers Pay the Price as Regulatory Interference Drives Property Insurance Market Instability
Many states are facing a growing affordability and availability crisis in property insurance markets, and it's not just because of climate change. While climate change is leading to more severe and ...
Insurers Warn California’s Inaction Threatens Auto Policies
Top U.S. insurance companies and associations say California is risking a crisis in the nation's largest automobile insurance market by refusing to approve any rate increases for more than two years, ...
Unrated Insurers at Risk From Ian; Reinsurers Impacted: Fitch
Offering an initial estimate of $25-$40 billion in insured losses from Hurricane Ian, Fitch Ratings said that P/C insurance and reinsurance company credit ratings are unlikely to be downgraded as a ...
Wind, Water and a Downgrade: AM Best Withdraws Ratings for Tower Hill Prime
Less than an hour after Hurricane Ian made landfall in Cayo Costa, Fla., one more insurance rating agency action added to the weight of the negative impacts hurling towards homeowners and businesses ...
Still Negative: S&P Isn’t Budging on Reinsurance Outlook
Since May 2020, S&P Global Ratings has had a negative credit outlook on the global reinsurance sector—and analysts said it isn't time to change that view during a webinar last week. Taoufik ...
Full-Year Commercial Lines Combined Ratio May Be Lowest in 15 Years: Moody’s
With commercial lines insurers expected to report the lowest full-year aggregate combined ratio in 15 years, together with double-digit direct premium growth, Moody's Investors Service announced a ...
Carriers Know What’s Coming: Higher Reinsurance Prices in 2023
Primary insurers surveyed by a Moody's Investors Service expect to pay more for both property and casualty reinsurance in 2023, but those willing to pay up for higher amounts of cover will likely ...