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The carrier said rates were not responding adequately to claims and loss creep.
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Current rules allow lawyers in some insurance cases to collect up to 30 times what an insured is awarded for a claim.
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Claims made from the 2017 hurricane in December impact its 2017 portfolio.
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Disruption in P&C markets is expected to boost demand for captive services.
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Our (re)insurance benchmark largely shrugs off wider equity-market losses driven by coronavirus fears.
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The casualty conundrum dominates fourth-quarter commentary, while AIG CEO Brian Duperreault challenges fossil fuel orthodoxy.
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In the Florida market there is clearly a close relationship, albeit a financial disjuncture, between the thinly capitalised private players and the reinsurers that assume their cat risk. As such it will nigh on impossible for watchdogs to achieve fundamental change without considering the whole system.
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Demotech’s actions expected to have only a minimal net impact on reinsurance demand.
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The action comes amid a period of heightened focus on Florida carriers after Demotech signalled a tough line.
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This publication looks at the 10 most prevalent industry trends for the year ahead.
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The gainers fail to offset share-price declines among Floridian and London contingents.
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A state regulator has determined that efforts to rehabilitate the auto insurer would be "useless".