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The deal leaves premier surety as Travelers' sole Canadian portfolio. -
The once niche product is generating interest in a growing number of industries and sectors.
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One measure could give regulators greater leeway to deny rate requests.
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Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
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This publication reported earlier today that the S-1 filing was imminent.
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TSR previously predicted activity slightly below the 1995-2024 average.
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The company seeks the full 30% homeowners’ rate request it made last June.
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This publication reported earlier this year that the carrier is targeting a $250mn-$350mn raise.
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A historic cat loss year remains a possibility as storm losses accumulate.
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The agency forecasts up to five major hurricanes and 19 named storms.
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Wildfires resulted in heavy losses for insurers focused on HNW, personal lines and reinsurance.
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The sale process was first reported by this publication three months ago.
