jairo ibarra/jairo ibarra ii us.png

Clark Mindock

Senior Reporter

Contact

email

Clark Mindock is a senior reporter for Insurance Insider US based out of New York City. He primarily covers insurance industry regulations, legal affairs and claims.

Published by this author:

Property treaty

Fidelis and Quantedge among new NFIP reinsurers in 2025

Several Lloyd’s syndicates are also now providing cover for the federal insurer.

Clark Mindock, 04 December 2025
North America

777 Partners co-founder Wander hit with federal fraud charges

The executive is charged with defrauding investors out of nearly $500mn.

Clark Mindock, 17 October 2025
Regulation

California governor signs mitigation discount reforms

Newsom has yet to sign a pending bill to create a public cat model.

Clark Mindock, 10 October 2025
M&A

Homeowners' MGA Bamboo sold to CVC at $1.75bn valuation

Seller White Mountains will retain a roughly 15% fully diluted equity stake.

Clark Mindock, 03 October 2025
Regulation

California lawmakers pass bills for Fair Plan cat bonds, create public risk model

The measures also seek to encourage greater wildfire mitigation efforts.

Clark Mindock, 16 September 2025
Regulation

FEMA employees warn that agency cuts make Katrina 2.0 more likely

The group claims the White House is undermining disaster preparedness.

Clark Mindock, 26 August 2025
Personal lines

Universal says no ‘real hungry appetite’ amid new competitors in Florida

At least 14 new companies have opened up shop in the state in recent years.

Clark Mindock, 25 July 2025
Regulation

California regulator approves Verisk cat model for use in ratemaking applications

Insurers must write policies in high-risk areas in order to incorporate the model.

Clark Mindock, 25 July 2025
Catastrophe losses

States sue Trump admin over cuts to FEMA pre-disaster mitigation funding

The suit claims billions of dollars are being illegally withheld.

Clark Mindock, 17 July 2025
Property treaty

Palomar completes 1.6 reinsurance placement with $3.53bn for earthquakes

The company also has $100mn for US hurricane events.

Clark Mindock, 29 May 2025
Regulation

Property litigation down 30% since Florida’s tort reforms: Yaworsky

Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.

Clark Mindock, 28 May 2025
Florida

Florida tort reforms could yield ‘tangible’ reinsurance pricing results: Heritage CEO

California homeowners are also expected to move admitted business to E&S.

Clark Mindock, 07 May 2025
Commercial Lines

Florida judge hands Carlyle Aviation partial win in Russian jets case

AIG, HDI Global and others have settled, while Chubb’s fight continues.

Clark Mindock, 02 May 2025
Casualty/GL

Amwins’ Special Risk Underwriters launches excess casualty sidecar program

The program will provide excess casualty coverage across a broad range of industries.

Clark Mindock, 16 April 2025
Regulation

Trump announces 90-day pause on most tariffs, with China excluded

The announcement spurred a quick spike in stock market valuations.

Clark Mindock, 09 April 2025
Bermuda

IQUW’s Bermuda reinsurance platform receives A- AM Best rating

The rating allows IQUW to access $1bn in group capital.

Clark Mindock, 24 March 2025
Regulation

State Farm General gets provisional approval of emergency rate request

Commissioner Lara also proposed a $500mn cash infusion from parent State Farm.

Clark Mindock, 14 March 2025
Florida

Several Florida bills would weaken state legal reforms: Chamber of Commerce

There are signs that Florida’s insurance industry is coming under increasing legislative scrutiny.

Clark Mindock, 11 March 2025
Regulation

Fate of NOAA-industry climate partnership uncertain amid DOGE chaos

RAA president Frank Nutter says he hasn’t been able to get an update on the project from the now Trump-led NOAA.

Clark Mindock, 06 March 2025
Renewals

Fair Plan stretches tower by $1bn after taking ~$4bn wildfire loss

The programme structure was expanded, but it is unclear what percentage was placed.

Adam McNestrie, 04 March 2025
Personal lines

State Farm’s California subsidiary put on negative credit watch by S&P

State Farm General has asked California regulators for an emergency rate increase.

Clark Mindock, 27 February 2025
Florida

Milton was $45mn net retention event: Universal CFO Wilcox

Comments came as universal reported a 4.2 CoR jump to 107.9% in Q4.

Clark Mindock, 26 February 2025
Personal lines

State Farm reveals $6.85bn loss estimate from California wildfires in rate filings

The insurer disclosed the estimates as it seeks emergency rate hikes from regulators.

Clark Mindock, 12 February 2025
Personal lines

Florida regulators reject Citizens’ 14% rate hike request, approve pared down level

Citizens approved an average 8.6% rate hike and decreases for one-fifth of policyholders.

Clark Mindock, 10 February 2025
Personal lines

California FAIR Plan has already paid out $700mn+ for LA wildfires

CFP has a $900mn reinsurance attachment point and is still receiving claims daily.

Clark Mindock, 10 February 2025
Personal lines

State Farm seeks emergency rate hike from California regulators

The company says the recent wildfires will be the costliest in its history.

Clark Mindock, 04 February 2025
Personal lines

Heritage expects $35mn-$40mn in Q1 losses from LA wildfires

The Floridian also expects to report its “best earnings quarter” for Q4 2024.

Clark Mindock, 30 January 2025
Personal lines

Fitch revises Mercury General’s outlook to negative, citing LA wildfire concerns

Fitch said 1Q wildfire losses could add 6% to 10% to Mercury’s CoR.

Clark Mindock, 23 January 2025
Bermuda

Everest Group appoints Williamson as permanent CEO

He was appointed acting CEO earlier this month, after Andrade’s departure.

Clark Mindock, 22 January 2025
Personal lines

California wildfires could deplete the Fair Plan – what does that mean?

Sources say the Fair Plan is under-reserved, leading to the possibility of member assessment.

Clark Mindock, 15 January 2025
Personal lines

Milton would have triggered assessment, insolvencies absent reforms: Citizens CEO

CEO Cerio highlighted changes that allowed the insurer of last resort to combine commercial, coastal and personal lines.

Clark Mindock, 14 January 2025
Catastrophe losses

California wildfires: What we know so far with the fires still blazing

Sources say 2025 could be as costly for wildfires as the $20bn-loss years of 2017-18.

Kyoung-son Song, 10 January 2025
Catastrophe losses

California declares state of emergency, gets federal aid for Los Angeles wildfires

The fast-moving blazes have prompted evacuations across the city.

Clark Mindock, 08 January 2025
Renewals

Strong 2024 returns will ‘stimulate investment’ in ILS this year: Gallagher Re

The broker anticipates strengthening investor demand for collateralised re.

Jai Singh, 02 January 2025
Personal lines

Colorado Fair Plan to launch ‘in the first months of 2025’

Homeowners’ insurance rates have spiked almost 60% since 2018.

Clark Mindock, 24 December 2024
Personal lines

California’s wildfire cat modeling regulations take effect after final approval

The regulations are part of a state effort to expand wildfire coverage.

Clark Mindock, 16 December 2024

Load more