Browsing: losses

Taiwan’s major insurers reported significant losses in May due to the appreciation of the New Taiwan dollar against the US dollar, affecting their foreign investments.

Florida’s personal property insurance market has reported an underwriting profit and significant increase in operating income in 2024 after eight years of losses.

Moody’s Ratings forecasts that recent wildfires in Los Angeles will exacerbate existing challenges in California’s property insurance market, potentially increasing costs and straining the FAIR Plan.

AM Best’s commentary highlights the increasing challenges in California’s property insurance sector, driven by severe wildfires and insurer pullbacks.