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The decision allows a $4bn settlement, threatened by insurer claims, to proceed. -
The start-up has achieved an A- credit rating from AM Best.
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Citizens approved an average 8.6% rate hike and decreases for one-fifth of policyholders.
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Sources said the Lake Mary, Florida-based firm is working with boutique bank Lincoln International.
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CFP has a $900mn reinsurance attachment point and is still receiving claims daily.
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Rate meanwhile continues to be an area of focus in the lines most impacted by social inflation, the CEO noted.
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The storm is likely to be one of the costliest weather events in Canadian history.
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Insureds often just want cover in place at the lowest price possible, and insurers oblige under the skeptical eye of regulators.
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The broker said clients could expect to see double-digit rate decreases this year.
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The state has seen 11 new entrants into the insurance market, reflecting renewed confidence.
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The state is building an insurer of last resort from scratch, taking notes from California.
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A quick roundup of our best journalism for the week.
