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The Floridian company applied to be traded on the NYSE. -
The 12 insurers together have $418mn in policyholder surplus.
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Universal submitted allegedly ineligible claims to the Florida fund.
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The bill being considered would effectively eliminate personal injury protection.
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The insurer has lined up Piper Sandler and KBW to run the process.
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Mangrove can take out up to 81,040 polices while Slide’s limit is 15,000.
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The Democratic senator said increased federal oversight of insurance is not the answer.
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Shift to growth includes all geographies in which the company does business.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.
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This year’s coverage will involve $2.94bn of new risk transfer.
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There are signs that Florida’s insurance industry is coming under increasing legislative scrutiny.
