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The CEO is one of more than 20 executives who received letters from Floir citing Statute 624.4073. -
The CEO said companies are still taking charges on years 2013 to 2019.
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The ratings agency flagged the “increasingly favourable” underwriting results.
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The market has advanced in sophistication but must tackle talent, tax and diversification issues.
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Concern about vague cat modeling language was a theme at a Tuesday workshop.
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Existing non-competes for senior executives can remain in force, however.
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A total of 8% of issuers under criteria observation received negative rating actions.
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A litany of underwriting and quoting constraints has made it much harder to write business.
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The ratings agency cited erosion in the company’s surplus position, among other developments.
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FHCF rates are also projected to decrease by a statewide average of 7.38%.
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Ten states joined in the original suit.
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The deal will create a personal lines firm controlling £3bn in premiums.
