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The coverage will only be available in Illinois and Michigan at first. -
The book of business comprises both personal and commercial lines.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
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The package comprises a $100mn cat bond and a $70mn sidecar.
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P&C has strengths that will help it survive this crisis, but not without some pain.
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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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The executive will continue to lead personal lines and core commercial.
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Universal submitted allegedly ineligible claims to the Florida fund.
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In February, the company announced it received regulatory approval for the deal.
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The bill being considered would effectively eliminate personal injury protection.
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The carrier has received 12,300 claims as of 28 March.
