Florida's 2022-2023 insurance reforms have significantly stabilized its P&C market by reducing litigation abuse and attracting reinsurers, according to Insurance Commissioner Mike Yaworsky. The reforms curb assignment-of-benefit abuses and reduce claims litigation, leading to improved market stability and expanded consumer coverage options.
Florida's insurance market shows signs of recovery following 2022-2023 legislative reforms, with reduced litigation and lower rates in property insurance and the preservation of PIP auto insurance.
The Hong Kong high-rise fire at Wang Fuk Court is driving increased insurance claims, higher premiums, and tighter underwriting conditions, impacting China Taiping Insurance's financial outlook.
Everest Group appoints Katy Bradica as chief actuary and Attila Kerényi as chief risk officer to enhance global actuarial and risk management functions, supporting strategic growth.
S&P Global Ratings reports increased underwriting pressure for Hong Kong P&C insurers following the Wang Fuk Court fire. Reinsurance mitigates losses, but risk retention and pricing are under review.
The Baldwin Group's $1 billion merger with CAC advances its goal to become a top-10 global insurance broker, enhancing specialty capabilities and accelerating growth.
Fitch Ratings keeps a neutral outlook on North American life insurers for 2026, citing strong capitalisation and cautious investment strategies amid rising market and regulatory challenges.
Asia Pacific non-life insurers are expected to maintain stable margins and strong solvency in 2026, focusing on innovation, cyber governance, and international expansion while managing evolving capital regulations.
Munich Re, Swiss Re, and Hannover Re top the Latin America property and casualty reinsurance brand rankings in 2025, according to NMG Consulting's latest study. Discover key market shifts and competitive insights.
Learn how rising reinsurance costs due to inflation and extreme weather are driving up vehicle insurance premiums in the U.S., and explore strategies for policyholders to manage higher costs.
