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The storm is likely to be one of the costliest weather events in Canadian history. -
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 state is building an insurer of last resort from scratch, taking notes from California.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The Florida of 2022 lacked stability and saw many carrier insolvencies.
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But cat bonds are experiencing negative secondary market price movement.
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Democrats pushed back during the hearing, urging rules to encourage mitigation.
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The company did not take questions on its recently announced business review.
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Sources said that Waller Helms/Houlihan Lokey is working with the firm as financial adviser.
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The carrier has not added new business in the state since 2007.
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A new UK CEO for the trade credit insurer will be announced at a later date.
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The carrier disclosed it will book $1.1bn in net losses from the California fires.
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