Reading through The Insurance Insider's coverage of the Florida homeowners' sector these last couple of weeks gives the impression of a fragmented, multi-tier market that once again is at a crossroads.
US wholesaler Keating has secured a partial injunction in a legal battle to restrain a group of ex-employees from pitching their new employer, Worldwide Facilities, to former Keating colleagues and clients.
Commercial insurance rates rose 0.3 percent on average during the fourth quarter for the first gain across all-sized accounts in over three years in the US, The Council of Insurance Agents & Brokers (CIAB) said today in its Q4 2017 survey.
A fragmented Florida homeowners' market means reinsurance buying strategies are likely to diverge between now and 1 June as some cedants move to secure capacity early and others sit tight in the hope of striking a better deal later on.
Demotech is set to rule on ratings for a number of Florida carriers in the coming weeks after they meet a 1 March deadline to file annual financial statements and provide any other information requested by the agency.
