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Inflation, tariffs and climate change are all making for an uncertain 2025. -
The letter said the FIO is in “direct conflict” with the role of state regulators.
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The commissioner is eyeing transparency in billing, comparative fault and non-economic damages changes.
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The regulatory changes have been championed by Governor Brian Kemp.
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Gallagher already has HSR approval for the $1.2bn Woodruff Sawyer acquisition.
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Mangrove can take out up to 81,040 polices while Slide’s limit is 15,000.
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Colorado and New York have already passed regulations regarding insurer AI use.
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The agency collects gold standard data and conducts research. Without that, there’s more uncertainty.
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Commissioner Lara also proposed a $500mn cash infusion from parent State Farm.
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The Democratic senator said increased federal oversight of insurance is not the answer.
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CEO Greenberg cited ‘competing priorities’ in his annual letter to shareholders.
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“We do not have the luxury of time,” he said during the Bermuda Risk Summit.
