-
The losses were below May’s $777mn, but almost 3x higher than for June 2024. -
The suit claims billions of dollars are being illegally withheld.
-
The US accounted for 92% of all global insured losses for the period.
-
State legislation has led to major strides in rate adequacy.
-
Category 4 and 5 storms could become more common and hit further north.
-
Despite predicting fewer hurricanes, the numbers are still above average.
-
The late March storm caused extensive damage in southern Quebec and Ontario.
-
The company said the reduction was due to years of steady improvements.
-
The ruling comes as insurers face growing legal pressures following the January blazes.
-
There are now 14 new companies writing homeowners’ policies in the state.
-
The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
-
The carrier said the cuts will help it to become a “simpler, digital-led business”.
