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The government flood insurance program now carries $21bn in debt. -
October 17 has been set as the deadline for written comment.
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The residual insurer’s pricing is far from rate adequacy, and it is undercutting the commercial market.
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While Republicans are typically perceived as best for business, there are several factors at play.
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State regulators have been monitoring climate risk for over a decade.
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The effort will draw from California’s research and higher education communities.
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The Heritage Foundation think tank behind the plan argues that the private sector could do things better.
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The ratings reflect the balance sheet strength of parent Core Specialty.
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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.
