Homeowners insurance affordability has deteriorated over the last two decades, driven by frequency and severity of natural disasters, economic conditions, rising construction costs and litigation, according to a new Homeowners Insurance Affordability report by the Insurance Research Council (IRC).
Tag: litigation
The Fight for Price: Middle-Market Risks Shop Their Insurance Programs
Ballooning reinsurance costs, weather events resulting in claims and heightened property values are all contributing factors to rising property insurance premiums.
Big Firm Litigators Are Gearing Up for 2023
Litigators from both sides of the bar are anticipating that government enforcement actions will generate significant work in the next year.
P/C Rate Increases Stabilize, but Severe Weather and Lawsuits Loom: MarketScout
According to MarketScout, property/casualty insurance price increases in the United States appear to have stabilized in the second quarter of 2022, with both commercial and personal lines rate changes remaining consistent with the previous quarter. Commercial insurance buyers saw an average 5.91 percent increase across all lines, while personal lines customers saw an average 5.16… Continue reading P/C Rate Increases Stabilize, but Severe Weather and Lawsuits Loom: MarketScout
Hedge Fund Baupost Has a Complex $1 Billion Bet on PG&E
Seth Klarman’s Baupost Group has been the poster child of the hedge fund industry’s ill-timed stock-market bets on the troubled utility PG&E Corp., which announced plans for bankruptcy. It turns out, though, that Baupost’s stock purchases, valued at $873 million at the end of September, are just part of a bigger and more complex wager… Continue reading Hedge Fund Baupost Has a Complex $1 Billion Bet on PG&E