The 2025 Atlantic hurricane season is expected to be more active than usual, with 17 named storms, nine hurricanes, and four major hurricanes, according to a new forecast from Colorado State University (CSU) in partnership with the Insurance Information Institute (Triple-I).
At the time of initial funding, there were 313 Fortified-certified roofs in the state, according to the auditor’s report. As of Feb. 1, 2025, that number had increased to 5,413, representing a 17-fold growth over two years. The report noted that 64% of these certifications were not funded by the LFHP. Source link
In January 2020, he was named managing executive of global strategy, supporting underwriting operations across the company. Since becoming president of Markel International in 2021, the division has seen a nearly 40% increase in gross written premiums and a more than 250% rise in net underwriting profit. Before joining Markel, Wilson led the Lloyd’s Asia…
Ategrity operates in 48 states and the District of Columbia on a surplus lines basis. At the end of 2024, California accounted for 21% of its gross written premium, followed by Florida at 16.2%, Texas at 12.8%, and New York at 6.4%. The company provides commercial property, low-limit general liability and management, as well as…
Industry groups, however, warned the bill threatens the fragile recovery of Florida’s insurance market. Katelyn Ferry, representing the Florida Justice Reform Institute, argued the proposal could reverse recent progress. “Make no mistake: If this bill passes, it’ll eradicate Florida’s insurance market,” Ferry said. She credited previous reforms with curbing premium hikes and attracting new insurers…
The case, brought by Christian and Abigail Godinez, sought to hold State Farm accountable for the June 13, 2022, crash, arguing that the insurer’s failure to report the nonrenewal of a truck insurance policy had set off a chain of events that led to the collision. The court, however, found that the plaintiffs’ theory of liability was too speculative and dismissed the claim with…
