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But June was the busiest month of the year on the back of recent broker churn. -
Florida recorded premium growth in June after declines in May and April.
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The transition will be implemented starting October 15.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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Few claims have been filed thus far, as damages have been highly localized.
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The ongoing demonstrations could have law enforcement liability implications.
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Lara approved an interim rate increase for the company just weeks ago.
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GCP retains a controlling interest in the Californian retail brokerage.
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Up to nine million acres of US land are considered likely to burn.
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The company seeks the full 30% homeowners’ rate request it made last June.
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"Smoke damage is real damage," Commissioner Lara said.
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Lloyd’s traditionally avoided US middle market property, but head of P&C Matt Keeping says times have changed.
