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The storm is likely to be one of the costliest weather events in Canadian history.
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The broker said clients could expect to see double-digit rate decreases this year.
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The state has seen 11 new entrants into the insurance market, reflecting renewed confidence.
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The state is building an insurer of last resort from scratch, taking notes from California.
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A quick roundup of our best journalism for the week.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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But cat bonds are experiencing negative secondary market price movement.
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Democrats pushed back during the hearing, urging rules to encourage mitigation.
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The company did not take questions on its recently announced business review.
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A quick roundup of today’s need-to-know news, including Allstate, SportsInsurance.com and Markel, among others.
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The figure represents a 12.1% increase over full-year 2023.
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Sources said that Waller Helms/Houlihan Lokey is working with the firm as financial adviser.