Risk Factors Update Summary
- Longer-term weather trends may be changing due to climate change, potentially leading to increased frequency and severity of catastrophic losses.
- Changes in laws related to property insurance in Florida, including amendments and new requirements, may impact insurers' operations and financial results.
- Efforts to pursue subrogation against third parties have significantly increased since 2016.
- Technological changes, such as AI and machine learning, may impact product design, pricing, and competitiveness.
- Changes in market interest rates, including recent increases by the U.S. Federal Reserve, can adversely affect financial results.
- The effectiveness of exclusions and other loss provisions may not be apparent until later.
- State regulations and legal challenges may limit the effectiveness of regulatory requirements and cause uncertainties in implementation.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=891166&owner=exclude
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