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This was the highest single-year increase for the US index since 2006.
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Sources said that the company initially claimed to have secured support from London underwriters Canopius, Tokio Marine Kiln and Liberty Syndicate.
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Louisiana governor John Bel Edwards, state insurance commissioner Jim Donelon, and legislative leadership are in discussions about a potential special session.
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The association has also set its 1-in-100 PML at $4.45bn for the year.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Private flood insurance accounted for about 40% of total flood insurance premium in California, higher than Florida’s 15%.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The ending of an exclusivity arrangement also allows Berkshire Hathaway to offer reinsurance to Australian rivals.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Through the reciprocal exchange, the homeowners InsurTech plans to enter new markets in the first half of 2023, including catastrophe-prone states.