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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”.
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Marsh McLennan CEO Doyle dubbed legal system abuse a "tax” on US economy.
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Lara approved an interim rate increase for the company just weeks ago.
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The suit, filed in Florida federal court, is Uber’s second Rico case.
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The regulator said further measures could still be passed in this session.
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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.
