Homeowners' insurance
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Personal lines rate filings are rising, even as some inflation drivers slow. -
Slide, American Integrity, and Security First were approved.
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Increased cat losses in property offset auto improvements.
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The carrier has filed to withdraw from nine states total.
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The non-renewals will continue through June 15, 2025.
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Insured loss estimates are not yet available.
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Twia’s actuarial and underwriting committee made the recommendation last week.
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The downgrades reflect Gallatin Point’s recent acquisition of a majority stake in TRUE.
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A hearing with the Florida Office of Insurance is scheduled for February 21.
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CSAA writes over 70% of its business in the Golden State.
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The changes will be up for discussion at a March 26 public hearing.
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The company is aiming for a 2024 Florida rollout, offering HO-3 and DP-3 policies.
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