January 22, 2025
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The market expects a lower proportion of restoration by utilities than after 2018’s Camp Fire. -
The storm is expected to bring freezing rain and heavy snow across a wide swath of the US.
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Over 30 years after the Northridge earthquake, quakes have fallen out of market discussions.
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The reinsurance broker will be known as Marsh Re starting in 2027 as part of a broader company shift.
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Increased vegetation could spell trouble in the future.
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Private capital-backed buyers accounted for 605 of 854 deals last year.
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Reserves will join rate softening, margin pressure, as key topics in Q4 discussions.
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Southern is said to have diverted 36 clients with $4mn in annual revenues from Marsh.
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Sources said Jefferies and RBC have been retained to advise on the sale process.
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Casualty and auto loss costs continue to rise due to inflation as we head into 2026.
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On average, Pure members will see a 7.6% rate decrease.
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Insurance has been an increasingly salient issue among politicians in the state.
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The company’s policy count has been declining rapidly in recent months.
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The medical care index increased 3.5% over the past 12 months.
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Risk and commission conflicts in quota share agreements push deals further from either party’s interests.
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Wildfires and SCS led to $108bn of total insured losses globally, despite no major hurricane making US landfall.
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The specialist insurer, meanwhile, expects growth opportunities in homeowners’ this year.
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The bill would also mandate guaranteed replacement cost coverage.
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Worsening market conditions drove the majority of P&C stocks to underperform the S&P 500 in 2025.
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The state is drought-ridden, hail threatened and potentially making major changes this year as a result.
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The independent MGU was spun out of AIG in 2023.
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This is lower than some estimates, which had put insured losses at over $30bn.
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An impending soft market further complicates the outlook for carriers with long-tail casualty exposure.
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Drummond had asked the state’s insurance commissioner to help him combat rising rates.
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