Potential Insurer Loss Exposure to the Los Angeles Wildfires
On the following pages, we take a look at individual insurers which had the highest exposure to the California property insurance market in 2023.
Florida Domestic Insurer Market Update – December 2024
In this article, we discuss how recent legislative reforms and improved market conditions have helped stabilize Florida’s homeowners insurance market, attracting new insurers and improving financial performance.
U.S. Medical Professional Liability Market Overview – Year-end 2023 and Six Months 2024
In this article, ALIRT Insurance Research provides a comprehensive overview of the U.S. Medical Professional Liability (MPL) industry, highlighting financial trends, challenges with profitability due to underwriting losses and social inflation, and the impact of regulatory dynamics on Med Mal insurers through 2023 and mid-2024.
Porch Group Throws In The Towel on Homeowners of America Insurance Company
This article explains Porch Group’s shift from a full-stack insurance approach, marked by ongoing financial challenges with Homeowners of America Insurance Company, towards launching a reciprocal exchange, Porch Insurance Reciprocal Exchange (PIRE), to reduce its direct exposure to claims and stabilize its insurance operations.
Mortality for the Life Insurance Industry (2023)
In this review we highlight the increase in mortality and its continued impact on the U.S. life insurance industry.
P&C Mutual Insurance Market Overview
In the following review we provide an update on the state of the P&C mutual insurance market based on 6 months 2024 financial results.
U.S. Life Insurers’ Bermuda Reinsurance Exposure
The U.S. Life Insurance Industry has long utilized foreign reinsurance as part of its risk and capital management strategies. In recent years the use of foreign reinsurance (particularly via Bermuda reinsurers) has become increasingly common among life insurers (especially for those issuing individual annuities), which has raised some questions among industry participants. As seen in the table below, Bermuda was by far the largest non-U.S. reinsurance destination for U.S. life insurers and accounted for just over a third of total ceded life insurance and annuity (L&A) reserves1 at year-end 2023.
U.S. Surplus Lines – 2024
A.M. Best recently released its annual review of the surplus lines industry which it has published for the last three decades. ALIRT uses this opportunity to refresh its own 50 Company Surplus Lines Composite, both to corroborate what others in the industry are seeing as well as to provide an update as of the 6 Month 2024 reporting period for this important and growing sector of the industry.
ALIRT Update: Residual Market Trends in Four Higher Catastrophe Risk States
This article is about the recent trends and developments in residual market mechanisms within the property insurance industry in four high-risk catastrophe states: California, Florida, Louisiana, and Texas, highlighting the challenges and reforms faced due to increased weather-related losses and market instability.
Overview of Reciprocal Insurance Exchanges and Recent Market Trends
This article provides an overview of Reciprocal Insurance Exchanges (RIEs), highlighting their historical significance and recent market trends. It explores the unique organizational structure of RIEs, their financial performance, and the implications for new entrants in light of market dislocations, particularly in the U.S. property insurance markets.