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The insurance industry countered that the committee ignored a “toxic mix” of risks driving up costs. -
CEO Trevor Carvey said the revision reflected Conduit’s “favourable reception”.
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The Federal Insurance Office has data collected from over 300 insurers.
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Most US states have been silent on the regulation of parametric insurance.
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The regulations are part of a state effort to expand wildfire coverage.
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The law takes effect January 1.
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The decision reflects CNA’s “consistently positive” operating performance.
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TDI is urging legislators to incentivize more resilient housing construction.
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The firm said the UK hub demonstrates its commitment to expanding in Europe.
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Elevated casualty and high property claims are concerns, however.
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Cybersecurity basics could reduce cyberattack costs by up to ~75%.
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Other key leaders come from Virginia, Rhode Island and Utah.
