Is there a worse state to sell P&C in besides FL?
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Is there a worse state to sell P&C in besides FL?
I mean, it's debatable whether it's CA, NY, or FL. At this point, I think FL wins.Is there a worse state to sell P&C in besides FL?
Agreed.it's debatable whether it's CA, NY, or FL
Yeah, my understanding is that the insurance market globally is difficult, largely due to rising interest rates, inflation, and a tough reinsurance market. And then of course, just like with anything, you see it better or worse and specific areas.Agreed.
From what I hear Louisiana is coming up on the outside of this horrible bunch too. Louisiana has its own Insurance Crisis as well: [EXTERNAL LINK] - New Legislation Takes Aim at Fixing Louisiana’s “Insurance Crisis” | News & Knowledge | Adams and Reese LLP
And the rot is spreading.
Yeah, my understanding is that the insurance market globally is difficult, largely due to rising interest rates, inflation, and a tough reinsurance market. And then of course, just like with anything, you see it better or worse and specific areas.