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Despite predicting fewer hurricanes, the numbers are still above average. -
The weather-modelling agency is predicting a below-normal season.
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Florida recorded premium growth in June after declines in May and April.
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The program’s total limit this year is down $594mn to $1.36bn.
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There are now 14 new companies writing homeowners’ policies in the state.
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The insurer intends to take on up to 81,040 policies this year.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
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The Florida homeowners’ InsurTech went public today at $17 per share.
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Slide will also expand its footprint to New York and New Jersey towards the end of the year.
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The carrier is pricing shares at the upper end of the range announced this month.
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Florida regulators have also approved takeouts for Mangrove and Slide.
