Progressive Reports Favorable Ian Development

Insurer Progressive reduced its estimate of gross loss and loss adjustment expenses for vehicle and property claims related to Hurricane Ian by $400 million, pushing the total down to $1.6 billion. ...

Another Big Insurer Stops Writing Florida Homeowners

The Florida property insurance market is showing more signs of trouble, with one of the state's largest carriers deciding to stop writing new homeowners business in the state—while also asking for ...