Industry Lines Up to Defend North Carolina’s 42% Rate Increase
Aon, ISO and academics submitted testimony in favor of North Carolina’s double digit storm insurance rate proposal driven by expected modeled losses.
Aon, ISO and academics submitted testimony in favor of North Carolina’s double digit storm insurance rate proposal driven by expected modeled losses.
Both capital capacity and modeling limitations mean that the private insurance and reinsurance industry will sit on the sidelines of global pandemics.
In a terse response to questions federal lawmakers — including accusations that legislators are creating market “panic” — the Florida taxpayer-backed insurer says its finances are sound and questions surrounding it risk modeling practices misplaced.
One of Canada’s largest P/C insurers says that it experienced one of the worst loss quarters in a decade, but growth could be the outcome.