Andrew Henry on Nostr: ` The insurance industry is just not making money, according to the Insurance ...
`
The insurance industry is just not making money, according to the Insurance Information Institute. In 2023, insurers paid out $1.11 in claims for every dollar they made in premiums. This year is expected to be the fifth year in a row with underwriting losses, the institute determined.
When these pressures mount to an intolerable level, insurers stop writing new policies, as companies have done in California, Florida and elsewhere.
'
#insurance
https://www.bloomberg.com/features/2024-home-loan-mortgage-insurance-climate-risks/
The insurance industry is just not making money, according to the Insurance Information Institute. In 2023, insurers paid out $1.11 in claims for every dollar they made in premiums. This year is expected to be the fifth year in a row with underwriting losses, the institute determined.
When these pressures mount to an intolerable level, insurers stop writing new policies, as companies have done in California, Florida and elsewhere.
'
#insurance
https://www.bloomberg.com/features/2024-home-loan-mortgage-insurance-climate-risks/