HNW Insurance Market Notes - April 2024
RETRENCHING CONTINUES
The California homeowners’ insurance crisis reached another critical stage this week when State Farm General Insurance announced that it would not renew policies for 72,000 property owners across the state.
NUCLEAR VERDICTS ON THE RISE
“In the US, we are currently right in the middle of a social inflation wave,” said Dentons partner Erika Lopes-McLeman. “It is unclear if social inflation will abate anytime soon.”
ENCOURAGING SIGNS
Viewpoint: Florida Insurance Market on the Mend