property insurance News
Federal Reinsurance for Cats: No Thanks, APCIA Says
Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers' issues with growing private reinsurance costs. But a trade group for carriers ...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 ...Different Works: RLI Posts Sub-80 First-Quarter Combined Ratio—Again
As property/casualty insurers preannounce catastrophe loss estimates that will dent first-quarter 2023 bottom lines almost daily, RLI Corp. reported a 68 property combined ratio with a 50 percent ...APCIA Says Property Insurance Market ‘Hardest in a Generation’
A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the ...