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Carriers have so far paid out for $6.7bn of losses from the natural disaster.
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Investigation comes after activist investor accused Argo executives of misusing corporate assets. -
About 90,000 policyholders have been impacted by liquidation of carrier, which allegedly failed to obtain permission for a business deal.
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All policies underwritten by the carrier will be cancelled from the beginning of November.
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The start-up’s move coincides with rate increases in the business segment.
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The state will work with AgriLogic Consulting to build a yield-based industrial hemp crop insurance scheme on behalf of the US Department of Agriculture.
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The continuing resolution will keep the NFIP running until at least 21 November.
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Organisations including Insurance Europe and the Insurance Council of Australia call for a January 2023 start date to the already-postponed accounting standard.
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The Senate must pass the measure to ensure the programme remains funded.
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The settlement covers more than 85 percent of insurance subrogation claims against the utility.
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A shareholder’s lawsuit claims AmTrust purposely misled shareholders about the delisting to secure support for a buyout deal.
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The early renewal points to a tough market for cedants hit by California wildfires.
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