Homeowners' insurance
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Moody’s also predicts losses to the NFIP at less than $300mn. -
It had planned to non-renew 47,000 DP-3 and 53,000 high-risk homeowners’ policies this year.
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The proposed class says the plan does not cover smoke damage.
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It is understood that the goal is to use a capital injection to form a reciprocal.
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The groups highlighted technical hurdles to implementation at a Wednesday hearing.
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This is Emerald’s second facility, after its earthquake deal with Arrowhead.
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There was a 12% increase in flood sums insured to C$7.3tn.
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An “above average” hurricane season could spell disaster, but forecasts are not gospel.
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Commercial and residential carriers have different requirements.
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The Florida portion of the program provides $1bn in protection.
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Floir has sent more than 20 letters to Florida executives for potential violation of Statute 624.4073.
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Sources said that while a late June-early July IPO is still on the table, a Q4 or early 2025 listing is expected.
Related
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Mangrove assumes around 20,000 Citizens policies
June 26, 2025 -
Fox/Stanard-backed embedded auto MGA eyes expansion
June 23, 2025