The L.A. wildfires exposed a broken insurance market. Why wasn't it fixed? [Los Angeles Times (CA)]
RenaissanceRe Holdings Ltd. (RNR)
Last renaissancere holdings ltd. earnings: 2/4 05:23 pm
Check Earnings Report
US:NYSE Investor Relations:
renre.com
Company Research
Source: Los Angeles Times
Under Lara's watch, the state's insurer of last resort exploded from 123,657 policies in 2019 to over 645,000, leaving January wildfire victims underinsured. Six of nine insurers filing under new rules add zero new policies in high-risk zones despite receiving the requested rate increases. California's property insurance market was unraveling fast in mid-2023 when the state's insurance commissioner, Ricardo Lara, landed in Bermuda for four days of elbow-rubbing with industry figures. The state's largest carriers were dumping customers by the tens of thousands and refusing to write new policies across large swaths of the state. Insurers cited inflation, soaring reinsurance costs and inadequate rate hikes, with one national insurer threatening to leave California altogether if Lara didn't make things right. Lara was in Bermuda to speak on two panels about climate risk, but he spent the majority of his stay navigating an itinerary offered by Bermuda's billion-dollar reinsurance
Show less
Read more
Impact Snapshot
Event Time:
RNR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RNR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RNR alerts
High impacting RenaissanceRe Holdings Ltd. news events
Weekly update
A roundup of the hottest topics
RNR
News
- RenaissanceRe (NYSE:RNR) had its "outperform" rating reaffirmed by analysts at BMO Capital Markets.MarketBeat
- RenaissanceRe (RNR) Up 5.4% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- RenaissanceRe (NYSE:RNR) had its "buy (b)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- RenaissanceRe (NYSE:RNR) had its price target raised by analysts at Morgan Stanley from $280.00 to $290.00. They now have an "overweight" rating on the stock.MarketBeat
- Evaluating RenaissanceRe Holdings (RNR): Valuation Insights Following Major Buyback and Dividend Commitment [Yahoo! Finance]Yahoo! Finance
RNR
Earnings
- 10/28/25 - Beat
RNR
Sec Filings
- 11/14/25 - Form SCHEDULE
- 11/14/25 - Form 13F-HR
- 11/4/25 - Form 4
- RNR's page on the SEC website