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Commercial and residential carriers have different requirements. -
The Florida portion of the program provides $1bn in protection.
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Floir has sent more than 20 letters to Florida executives for potential violation of Statute 624.4073.
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Sources said that while a late June-early July IPO is still on the table, a Q4 or early 2025 listing is expected.
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Overly optimistic loss picks and worrying trends cast a shadow on best Q1 results in years.
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An EF-4 tornado devastated Greenfield Iowa, adding to the expected multi-billion-dollar toll.
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The decrease takes effect August 20, 2024, and impacts new and renewal business.
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The program includes all perils coverage and third-event protection.
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Expense ratios modestly increase for commercial but continue to decline for personal lines.
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The CEO is one of more than 20 executives who received letters from Floir citing Statute 624.4073.
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The partnership will increase K2's capacity for US hurricane and earthquake exposure.
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US SCS insured losses YTD already stood at around $12bn prior to these events.
