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State regulators have been monitoring climate risk for over a decade. -
Floir approved nearly 650,000 policies for takeout from Citizens for October and November.
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Moody’s also predicts losses to the NFIP at less than $200mn.
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Potential for rate cuts at the upcoming Fed meeting should be an addressable event for P&C insurers.
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The deal marks Sentry’s largest transaction in its 120-year history.
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The lawsuit alleges the data is being used by insurers to increase premiums.
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A hurricane watch is now in effect for the Louisiana coastline.
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Eight Floridians will take on personal residential multi-peril and wind-only policies.
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The P&C industry reported its best Q2 combined ratio since 2021, but was still a loss-making underwriting result.
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The CEA has $326.4mn towards risk transfer, 44% below budget.
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The regulations have been officially published online, with a hearing to be held next month.
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Lawsuit claims GM unlawfully sold data to insurers collected from 1.5m drivers.
