Homeowners' insurance

CSAA writes over 70% of its business in the Golden State.

The changes will be up for discussion at a March 26 public hearing.

The company is aiming for a 2024 Florida rollout, offering HO-3 and DP-3 policies.

The reciprocal will write homeowners’ insurance primarily in Florida.

The home insurance start-up claims the fundraise was made at a $1bn-plus valuation.

The carrier expects to re-emerge after operating as going-concern Anchor.

The parties also signed a release of claims arising from the Vesttoo fraud.

Over $1bn in claims had been paid as of November 30, 2023.

Rates are generally cheaper than the admitted market.

Lamb’s previous position was controller with Kin Insurance.

The insurer said it will continue to renew existing homeowners’ business.

The company announced it is undertaking several strategic steps designed to increase operational and capital flexibility and to better position it for future growth opportunities.