E&S/Specialty

Florida's largest property insurer wants sweeping changes, including the ability to charge higher rates, in the coming year.

Pricing in the property and casualty insurance industry may be on the rise but a lot of data continues to point to worsening returns on equity and earnings per share, said financial services specialists, Keefe, Bruyette and Woods (KBW).

Pricing in the property and casualty insurance industry may be on the rise but a lot of data continues to point to worsening returns on equity and earnings per share, said financial services specialists, Keefe, Bruyette and Woods (KBW).

Third-quarter reserve releases declined nearly 19 percent over the same period last year, which could put greater pressure on carriers to increase rates.

Third-quarter reserve releases declined nearly 19 percent over the same period last year, which could put greater pressure on carriers to increase rates.

More than $2 billion in weather-related losses, and mark-to-market losses in investments, drove a third-quarter net loss of $852 million at Nationwide.