Slide Insurance Expands Coastal Property Coverage in South Carolina
Slide Insurance Holdings has rolled out expanded property insurance products for higher-value homes in South Carolina's coastal markets, targeting coverage gaps for upscale properties in rapidly growing shoreline communities that often struggle to secure full protection. The expansion covers South Carolina homeowners across HO3, HO5, and HO6 policies, with particular focus on higher-value coastal properties where traditional carriers have limited capacity or tighter underwriting criteria for larger insured values. Rapid population growth in areas like Horry County, which has grown more than 20% since 2020, points to a larger pool of insurable homes that could support premium volume if Slide wins share. The company, a US property and casualty insurer with a market cap of $2.8b, is competing against much larger carriers that often pull back from complex coastal exposure. The key test for investors will be whether management breaks out or comments on South Carolina contribution in upcoming quarterly updates, especially gross written premium levels and policy counts tied to the new HO5 product for higher-value homes.
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Cabinet approves 15.5 billion baht disaster insurance scheme covering 30 million homes
The Cabinet has approved the allocation of budget for a disaster insurance programme for the public, with a total of 15.5 billion baht, as proposed by the Ministry of Interior. Lalida Periswiwattana, deputy spokesperson for the Prime Minister's Office, disclosed on 22 September 2026 that the programme covers damage to housing and deaths from floods, storms and earthquakes. The policies provide coverage from 1 October 2026 to 1 October 2027. Of the 15.5 billion baht, 15 billion baht is for group residential insurance premiums and 500 million baht for group accident insurance premiums. The funding uses 10 billion baht from the central reserve for emergency or necessary expenses under the fiscal year 2026 annual expenditure budget, with the remaining 5.5 billion baht drawn from the following year's budget, along with approval to incur binding obligations. The programme will provide coverage for approximately 30 million homes, based on housing data from the Bureau of Registration Administration, Department of Provincial Administration, as of 10 September 2026. The Office of the Insurance Commission, together with the Thai General Insurance Association, will procure qualified insurers, while the Ministry of Interior and the Department of Disaster Prevention and Mitigation must verify that assistance provided through the policies does not overlap with other forms of government relief measures.
Cabinet approves 15.5 billion baht disaster insurance scheme covering 30 million homes
The Cabinet has approved a budget of 15.5 billion baht for a disaster insurance programme for the public, comprising 15 billion baht for group residential insurance premiums and 500 million baht for group accident insurance premiums. Lalida Periswiwatana, deputy spokesperson for the Prime Minister's Office, said the programme will provide coverage for approximately 30 million homes, based on housing data from the Bureau of Registration Administration under the Department of Provincial Administration as of 10 September 2026, as well as coverage for deaths caused by floods, storms and earthquakes, through a catastrophe risk transfer mechanism. It takes effect from 1 October 2026 to 1 October 2027. Of the budget, the Ministry of Interior will use 10 billion baht from the central fund for emergency or necessary expenses under the 2026 annual expenditure budget, while the remaining 5.5 billion baht will come from the following year's budget. Approval is also being sought to incur binding obligations to ensure sufficient budget to pay insurance premiums throughout the coverage period. The Office of the Insurance Commission will work with the Thai General Insurance Association to procure insurers with high standards and stability, while the Ministry of Interior and the Department of Disaster Prevention and Mitigation will verify that assistance provided through the policies does not overlap with other government relief measures.
