-
The measure could have landed insurers with extra tax on US business. -
There are now 14 new companies writing homeowners’ policies in the state.
-
The ruling comes as insurers face growing legal pressures following the January blazes.
-
Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
-
The rules would require paid rest breaks, among other measures.
-
The ratings agency cited support from parent company MSI for the upgrade.
-
The Pennsylvania-based insurer experienced a 10-day network outage this month.
-
The regulatory body is also looking at AI rulemaking and catastrophe resiliency.
-
Florida regulators have also approved takeouts for Mangrove and Slide.
-
Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
-
Rates need to be fair but also should not be “destructive of competition”.
-
Marsh McLennan CEO Doyle dubbed legal system abuse a "tax” on US economy.
