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The regulator said further measures could still be passed in this session. -
The NYC taxi insurance market is on the brink of collapse. Regulatory relief has been nowhere to be found.
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Insurers have termed the Democrat-backed legislation “flawed”.
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The legislature did pass Twia reforms, however.
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The company’s credit ratings had been under review since early this year.
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The collective CoR of 45 Floridians hit 93.1% in 2024
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Rate cuts are slowing as insurers agonize over claims trends, but capacity is high.
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The Peak Re subsidiary mainly writes US motor and casualty reinsurance.
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One measure could give regulators greater leeway to deny rate requests.
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Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
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The company seeks the full 30% homeowners’ rate request it made last June.
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Kirsh was involved in launching an industrywide “legal system abuse coalition”, which now has 350 participants.
