Property
Swiss Re warns heat waves will hit insurance hard
Extreme heat will result in damage to a variety of infrastructure, set off fires and damage agriculture, reinsurer warns
KCC hurricane model becomes first approved under new Florida law
New version of firm's hurricane model includes various enhancements to vulnerability functions and updated climate data
California launches probe into State Farm’s wildfire claims handling
Market conduct examination expands insurance commissioner’s ongoing probe into consumer complaints against the company
US severe storm losses mount but so far remain under 2024 totals
Year-to-date severe convective storm losses surpass $27bn following wave of severe weather in May
Perils lowers Cyclone Alfred loss estimate to A$2.3bn
Reduction in overall losses 'unusual' compared to previous Australian events, loss aggregator says
US commercial lines rises ease to 5.3% in Q1, WTW survey finds
Commercial motor 'pricing difficulty' persists with double-digit rate hikes, while D&O and cyber lines continue to soften
American Integrity’s Q1 income triples
Florida-based residential property insurer books combined ratio of 42.9%
US home insurance becoming unaffordable, study finds
But motor insurance is turning into a buyer's market
Brown & Brown inks $9.8bn deal for broking group Accession
Florida-based broker agrees acquisition of ninth-largest privately held insurance broker in the US in a deal that will provide ‘enhanced scale, capabilities and market access’
Beazley appoints Wunderlich to lead property parametric underwriting
Specialist re/insurer says parametric solutions are being increasingly used to protect property assets
Slide launches IPO targeting valuation of up to $2.1bn
Florida carrier could raise up to $340m from the share offering
Los Angeles wildfires send US insurers to $1.1bn Q1 underwriting loss
Sector books 34% decline in pre-tax operating income to $19.6bn, analysis of results by AM Best finds
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