Homeowners' insurance
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ShoreOne is offering an all-in-one policy that includes flood protection.
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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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The MGA recently secured capacity to write HNW homes in California.
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Auto and homeowners’ insurance will see effects from the tariffs.
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Shift to growth includes all geographies in which the company does business.
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Four cat modelers have also submitted their tech for regulatory review.
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The commissioner said in a legal bulletin that smoke claims can’t be “summarily denied”.
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As of February 14, the company received 405 claims.
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The carrier is only going to write new business on E&S paper, sources said.
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Customers will keep their agent relationship and policies will not be impacted.
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Under the new guidelines, the carrier is requiring more distance from the brush.
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