In case you missed it, we launched the P&C Commercial Tracker, a weekly carrier-level tracker of the US commercial insurance market. Two layers, sourced and timestamped: the Carrier Directory baseline and the Weekly Moves tracker.
NY/NJ is now live. We mapped the state the same way we mapped Florida, California, and Texas: admitted carriers, the ELANY eligible surplus lines panel, Lloyd's syndicates, NJ DOBI surplus lines whitelist, MGAs and programs, NYPIUA, the NJ FAIR Plan, and the regulatory actors who move the market. Four states, four complete carrier universes, one tracker.
What It Is
A carrier-level tracker of the commercial property and E&S property markets in Florida, California, Texas, and New York/New Jersey. 938 carriers identified so far (170 FL + 198 CA + 288 TX + 282 NY/NJ), covering admitted, E&S, Lloyd's, MGA/Program, parametric, Citizens, the California FAIR Plan, TWIA, NYPIUA, and the NJ FAIR Plan. Every carrier researched against FL OIR, CA CDI, TDI, NYDFS, NJ DOBI, and ELANY filings, SLTX eligible insurer lists, AM Best, Demotech, S&P, FHCF and CA FAIR Plan participant lists, the Surplus Line Association of California, SEC filings, and trade press. Every entry cites 2–5 independent sources. The directory grows weekly as new entrants are identified and gaps are corrected.
There are Two Layers:
The Carrier Directory is the baseline: who writes commercial property in your state, what they target, whether they are expanding, stable, entering, or tightening. Filter by state, market type, account size, or appetite.
The Weekly Moves tracker captures what changed this week: rate filings, appetite shifts, regulatory actions, market entries, and earnings signals. Every move is sourced and timestamped.
What’s most important for us right now is to get your input on how we can make this useful to you. Reply to this email or ping me at [email protected].
What the Data Says
New York/New Jersey commercial property right now:
Chubb cut its large-account property book by roughly 55% in Q1 2026, walking away from shared and layered large property across the Northeast.
AIG is going the other way. North America Commercial NPW up 36% YoY, underwriting income tripled to $774M.
MS Amlin launched a new Lloyd’s Property Treaty Per Risk Consortium on May 7, backed by Nephila, Hampden, and Apollo syndicates, targeting data center and digital infrastructure risk with a $67.5M max line size.
NY Assembly Bill A11298 would shift New York commercial property from file-and-use to prior-approval.
NYC Mayor Mamdani announced a city-backed property insurance program for rent-stabilized housing targeting 100,000 units by 2030. Two structural threats to the private market in one week.
Reinsurance pricing is feeding through: Guy Carpenter’s US Property Cat Rate-on-Line Index is down 14% YTD after April renewals, the steepest decline since 2014.
Florida commercial property right now:
Heritage Q1 gross premiums grew 10% to $258M with a combined ratio of 81.2%, guiding for improved reinsurance at the June 1 renewal.
Universal posted Q1 net income of $48.1M with a combined ratio of 82.9%. Both carriers growing with discipline.
Citizens launched Everglades Re II, a $600M cat bond covering Florida hurricane risk, actively managing its reinsurance tower ahead of hurricane season.
HB 803 and HB 883 remain live in the Florida Legislature, targeting AOB reform and Citizens depopulation incentives.
California commercial property right now:
State Farm faces a 398-count CDI accusation for alleged claims handling violations tied to the January 2025 LA wildfires.
Farmers received CDI approval under the Sustainable Insurance Strategy framework, becoming an early SIS adopter.
The FAIR Plan doubled its commercial property limits to $20M, the largest commercial expansion in years.
Three wildfire reform bills (SB 877, SB 878, SB 1301) remain live at Appropriations.
Texas commercial property right now:
TWIA upsized Alamo Re to $725–750M, the largest TWIA cat bond to date.
The May 9–10 SCS outbreak generated 66 hail reports and 42 wind reports across the DFW–Central TX corridor, the first significant event of the 2026 storm season.
Skyward Specialty posted Q1 GWP up 9.9% with disciplined growth in wind/hail-exposed classes.
Texas Mutual received an AM Best upgrade to A+ (Superior).
The E&S market is tightening underwriting standards on SCS-exposed commercial property, requiring updated roof condition reports and narrowing hail credits.
Florida, California, Texas, and NY/NJ commercial property are live now. More states coming next across commercial property.
We are temporarily sharing full and free access to our tracker so you can check it out.
Have feedback or requests? We’d love to hear from you. Please reply to this email, or email me at [email protected] and share your thoughts.
Why We Did It
If you place commercial property at a wholesale brokerage, or you sit in product, strategy, or the C-suite at a commercial carrier, you already know the shape of the problem: carriers entering and exiting state markets, rate filings changing appetite overnight, AM Best moving on ratings, reciprocal exchanges spinning up in Florida. Teams stitch it together themselves, across three categories of outside tools: raw filings databases (SERFF, state DOI portals), financial and rating platforms (S&P, AM Best, Demotech), and episodic broker research (Amwins State of the Market, quarterly outlook pieces). Each one answers part of the question. None of them combines the three in a workflow-usable way at the carrier level for commercial property appetite tracking. That’s the gap we’re building against.
If you’re curious, here is our Methodology and Data Dictionary.
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