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The ratings reflect the balance sheet strength of parent Core Specialty. -
Citizens’ auto-renewal controls were down from February 2023 to August 2023.
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The ratings agency also assigned the insurer an a- issuer credit rating.
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States are grappling with first responder claims litigation as some move to expand presumptions to more worker types.
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The decision comes weeks before the rule was set to take effect in September.
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House Bill 672 adds regulation to the Louisiana MGA market.
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The regulations have been officially published online, with a hearing to be held next month.
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The ruling only applies to a Florida retirement community.
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Insurance industry representatives meanwhile say they’re common sense and necessary.
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A letter wants an update on progress towards addressing climate-related financial risks.
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Commissioner Andrew Mais said AI is also a priority for regulators.
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Reforms would seek to tamp down legal costs that can drive insurance costs up.
