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The ratings agency said that it continues to assess State Farm’s balance sheet among the strongest. -
Industry sources said they expect most larger firms will be able to meet the requirements.
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Sources said that the transaction valued the Californian auto F&I business at over $1bn.
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Exposure for California’s Fair plan has jumped, as insurers drop policyholders.
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The regulations are designed to address long-term solvency concerns.
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The LA fires were a microcosm of “everything we do well when things go bad”.
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The bill includes provisions to encourage retrofitting homes in high-risk areas.
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Sources said the PE-backed platform retained IAP to advise on the process.
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SageSure’s recent M&A in Florida was driven by being selective with policies and smart about claims costs.
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The governor has yet to sign a pending bill to create a public cat model.
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Jonathan Rinderknecht was arrested Tuesday on destruction of property charges.
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JP Morgan and RBC are advising the brokerage on its options ahead of an eventual IPO.
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