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Coverage options will extend up to $5mn. -
No-fault state regulation and alleged fraud continue to plague the fraught market.
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Andrew Rowland will oversee the portfolio, offering up to $7mn per risk.
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The firm will specialize in professional liability insurance for SMEs.
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The deal provides Honeycomb with up to $24mn of capacity.
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The future of E&S, the wholesale landscape and casualty pricing are topics up for discussion.
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State regulators have been monitoring climate risk for over a decade.
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The new unit is part of HDI’s expansion of its specialty product offerings.
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Floir approved nearly 650,000 policies for takeout from Citizens for October and November.
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The 17.4% DWP growth, however, was a deceleration from 2021’s 25% peak.
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PVT business has been attracting new capacity after recent rate increases.
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SMEs represented 98% of cyber claims from 2019-2023 totaling $1.9bn.
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