Floridas Citizens Property Insurance Corporation says its policy count has dropped below 1 million for the first time since 2006, a development that industry representatives called a step in the right direction for the state's property market.
Among the most interesting developments in environmental liability coverage is that the recovering economy is turning businesses from window-shoppers into buyers, but the policy limits being purchased and renewed are decreasing.
Mondays expected launch of Citizens Property Insurance Corp.s Property Insurance Clearinghouse in Florida will moderately increase private- and capital-market reinsurance demand and should modestly help lower the last-resort insurers policy count, according to Fitch Ratings.
Mondays expected launch of Citizens Property Insurance Corp.s Property Insurance Clearinghouse in Florida will moderately increase private- and capital-market reinsurance demand and should modestly help lower the last-resort insurers policy count, according to Fitch Ratings.
The holidays began and ended with the bang of newsworthy cyber breaches that illustrated the complexity of hacking scenarios, which vary in their intent and fallout on targeted companies and their customers.
The holidays began and ended with the bang of newsworthy cyber breaches that illustrated the complexity of hacking scenarios, which vary in their intent and fallout on targeted companies and their customers.
Non-admitted underwriters are seeking across-the-board rate hikes for property & casualty risksand are covering more risks as standard lines insurers continue to shed unwanted business. Yet the surplus lines market has not entered the hard phase of the market cycle. Not even the massive insured property catastrophe losses stemming from...
Non-admitted underwriters are seeking across-the-board rate hikes for property & casualty risksand are covering more risks as standard lines insurers continue to shed unwanted business. Yet the surplus lines market has not entered the hard phase of the market cycle. Not even the massive insured property catastrophe losses stemming from...