Property
India looks to accelerate insurance boom
Regulatory changes, supported by a fast-moving economy, aim to attract new re/insurance companies to India and bring innovative products to the market
Fair Plan reaches deal to double commercial limits to $20m
A new deal with the California Department of Insurance will see limits increase for the first time in more than 20 years
London market carriers target sustainable energy growth in 2023
Survey of Lloyd’s syndicates and company market insurers finds eight in 10 carriers are planning growth in the sustainable energy class of as much as 25% this year
Cyclone Gabrielle to cost insurers NZ$1.5bn: Perils
February cyclone is the second billion-dollar weather event the country has experienced this year, following record flooding in January
Kemper issues $1.6m in refunds for wildfire overcharges
US multi-line insurer agrees settlement with the California Department of Insurance after breaching state regulations on wildfire risk scoring
Citizens eyes $4.2bn in new risk transfer for 2023 hurricane season
Florida last resort insurer's board has budgeted $725m to cover the costs of the targeted reinsurance programme
Private US insurers' 2022 underwriting losses soar
Net earnings fell 34% to $41.2bn last year as the sector’s underwriting loss increased to $26.9bn from $3.8bn
RSA to exit UK personal motor
Move, which will release £60m of capital, aims to strengthen the group's UK and international business
Hallmark Q4 loss deepens on adverse development
US group’s combined ratio deteriorates to 183.9% from 125.3% in the fourth quarter, with adverse development up nearly 33 points
Hurricane Ian insured losses approach $14bn in Florida
A total of 708,255 claims have been filed of which 80% are closed, according to the state's Office of Insurance Regulation
Canadian insurers welcome government flood insurance proposal
The C$31.7m initiative would include the offering of reinsurance through a federal corporation and a separate insurance subsidy programme
WR Berkley names Albert president of luxury unit
US insurer hires Selective executive to lead Berkley Luxury Group
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