Homeowners' insurance
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CEO Marchioni said the overall hit would likely be “in the low single digits”. -
Imported goods account for 30%-50%+ of materials used for HNW homes, versus 15%-25% in standard houses.
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The carrier surpassed the retention on its annual aggregate reinsurance cover for the year to March 31.
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Howard and Moore were among a group to receive letters over links to prior insurance insolvencies.
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The suit seeks to block insurers from passing through assessment costs.
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The insurer achieved an 86.4% acceptance rate of the policies selected.
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The release followed the filing of an updated Plan of Operation.
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The suit alleges a “deliberate scheme” to deny smoke damage claims.
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The counties make up for the majority of the state’s high net worth market, sources said.
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The package comprises a $100mn cat bond and a $70mn sidecar.
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The 12 insurers together have $418mn in policyholder surplus.
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Colorado State University is predicting 17 named storms, nine hurricanes and four major hurricanes.
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