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The PE-backed MGA has Morgan Stanley, Bank of America and JPMorgan advising. -
The rest of 2025 appears poised to remain favorable for insureds, however.
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California, Florida and Texas all saw decreases in monthly premium growth.
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The data modeling firm said losses previously averaged $132bn annually.
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The violations included not using properly appointed adjusters and failing to pay claims.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
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The group claims the White House is undermining disaster preparedness.
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Cat losses in July were below historical trends, but all eyes are on peak hurricane season.
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Storm surge of two to four feet could affect the North Carolina coast.
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Full-stack carriers fail to outclass incumbents with no clear platform differentiation.
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The program is aimed at affluent homes valued between $1mn and $6mn.
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