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Mercury General reports Q1 loss following Southern California wildfires
Mercury’s combined ratio for the quarter stood at 119.2%, up from 100.9% in Q1 2024, reflecting elevated loss activity from catastrophe events. Catastrophe losses, net of reinsurance, reached $447 million in the quarter, up from $72 million a year earlier. Source link
Florida’s personal property insurance posts first underwriting profit since 2016 – AM Best
Companies that exited the market included United Property & Casualty (2023), FedNat Insurance Company (2022), Southern Fidelity Insurance Company (2022), Weston Property & Casualty Insurance Company (2022), Lighthouse Property Insurance Company (2022), Avatar Property & Casualty Insurance Company (2022), St. Johns Insurance Company (2022), Maison Insurance Company by way of FedNat (2022), Gulfstream Property and…
Everest Group reports first-quarter financial results
Results showed decline in net income due to increase in catastrophe losses Source link
Hadron to acquire GCNA from Intact subsidiary
Firm will gain US licenses and federal surety authority Source link
CFC boosts cyber cover for high-risk digital sectors
Fast response stressed as cyber risks escalate rapidly Source link
Do You Need Self Storage Insurance? Here’s What to Know
Whether you’re downsizing, between homes, or simply short on space, using a self-storage facility is a smart solution for keeping your personal belongings safe. But while your items may be locked up, they’re not immune to damage or loss. That’s where self storage insurance comes in. There are over 52,300 self-storage facilities in operation, rented…