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NOAA predicts four to seven major hurricanes in 2024.
Insurance technology news from Cytora, Sikich, ProWriters and more.
Excess, surplus and specialty insurance lines have grown as admitted carriers pulled back amid hard-market conditions.
As of June 2024, bankruptcies in the U.S. were up 16.2% year-over-year. Those consumers still need insurance.
Guidewire recently announced the availability of hurricane-risk data and maps at the national, state and local levels.
With great influence comes the potential for significant legal risk.
A company spokesperson tells PropertyCasualty360 that agents in Texas and several other states will be impacted.
Hurricane Francine is the the sixth hurricane to make landfall in Louisiana in the last five years.
'Clients definitely had rate fatigue.'
Premiums across all lines increased an average of 5.2% in the second quarter of 2024.