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The additional funding brings Kin’s series D total to $142mn, and its overall equity funding total to $265mn. -
The migration is due to admitted carriers not being able to get the rate filings approved in a lot of the states – an issue that is extending beyond California and Florida, to the east coast.
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This is the second month motor vehicle insurance prices have risen, following a 17.8% hike in July and a 16.9% increase in June.
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Lawmakers were discussing legislation that would have facilitated insurance commissioner Ricardo Lara’s ability to implement more insurer-friendly regulations, but talks stalled with just one week left in the 2023 legislative session
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Floridians will bear the brunt of Idalia's losses as a retention event, but reinsurers will reap the benefits of pricing.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Out of the roughly 88 claims received so far, some were storm surge claims that are not covered by the carrier, according to the executive.
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According to filings, USAA will only accept new policies in areas with a Wildfire Risk Score of 1 out of a possible 32 points, where higher numbers indicate a greater risk of wildfire losses.
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The market has passed a watershed around the apportionment of losses for attritional cat events between insurers and reinsurers.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Shifting economic winds make growth plays more attractive, causing insurer stock performance to lag though short interest remains flat.
