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HCI will own all its stock, launching it with 2.5 million shares valued at $1 per share. -
The aborted listing is the latest piece of evidence around challenges in the listed InsurTech space.
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The state is focusing on “bad actors” who take advantage of homeowners, insurance commissioner Jim Donelon said during a press conference.
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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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The credit facility will add to Orion180’s current capital base, which will be used for underwriting growth and product line expansion, as well as geographic expansion.
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The private broker said replacement cost values in the homeowners' sector will also go up this year to offset increased construction costs and inflation.
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High-impact rate filings in California have driven increases nationwide.
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Root’s challenges generate lessons for other InsurTechs, as its stock value crash leads to a management exodus, and the banking collapse dries up funding needed to balance cash burn.
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Like Florida, Louisiana is no stranger to legal system abuse, the institute said.
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The US continues to experience catastrophic flash flooding and heavy rainfall events that are impacting “inland” areas across the country, as well as coastal areas.
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The facility will support quota share capacity with Anchor Re on behalf of SageSure carrier partners.
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The new 2022 stat data shows personal lines premium has grown year-over-year, but the loss ratios have been hit hard by catastrophes and loss cost inflation.
