Lloyd’s of London Market Overview – 2024

The following overview reflects results for ALIRT’s Composite as well as those for the Lloyd’s market as a whole, based on the organization’s annual report issued in late March.

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.