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Enacting SB 360 may have created a spike in construction claims in Florida. -
The carrier is looking to accelerate E&S growth after 7% expansion in 2024.
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Q4 net retention was impacted by the previously announced ADC.
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Under the new guidelines, the carrier is requiring more distance from the brush.
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The organization was hoping to grow its reinsurance cover.
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The group will house a segment for specialty and benefits and another for underwriting.
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The company is seeking an emergency rate increase after the devastating Los Angeles wildfires.
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The first round of the E&S boom has already played out, but this is a long game.
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HCI will now consist of two operating units – the other being its four underwriting entities.
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The CEO expects to see a larger shift between condos and apartments in 2026 and 2027.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The estimate is based on industry losses in the range of $35bn-$45bn.
