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The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires. -
The proposed reforms are championed by Governor Brian Kemp.
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Berkshire Hathaway’s "float" rose to $171bn in 2024 from $169bn in 2023 as Buffett praised Geico’s Todd Combs.
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Priorities include risk-based capital modernization and cybersecurity issues.
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The bill was introduced shortly after a similar bill failed in Mississippi.
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A quick roundup of our best journalism for the week.
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Sources said California regulators need to show they’re receptive to private insurer needs.
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The insurer is seeking a 22% interim raise, but the request is currently on hold.
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Commissioner Lara calls the 10 bills a ‘comprehensive legislative package.’
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At the first Insurance Insider US Miami Forum, Floridian industry players pointed to signs of stability.
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The bill seeks prompt claims payments and settlements, and greater transparency.
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The insurer disclosed the estimates as it seeks emergency rate hikes from regulators.
