Pekin reveals IN, OH and WI non-renewal plans citing inflation and reinsurance costs
Pekin Insurance is non-renewing all monoline home policies as well as homeowners policies with wood shingles in Indiana, Ohio and Wisconsin from August while also trimming its Iowa and Illinois homeowners exposure, with the Midwest-focused carrier blaming inflation, elevated storm activity and higher reinsurance costs for the decisions, The Insurer can reveal.
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