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The bill was passed in a 37-1 vote and awaits the governor’s signature. -
he new law is expected to hold down rate increases and allow Floridian carriers to book favourable reserve releases.
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A large hailstorm in Florida was the main contributor to the catastrophe claims.
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AmTrust's preference shares will no longer be listed on the New York Stock Exchange after the company's board approved the move.
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Lloyd's is introducing yet another layer of oversight on the worst performing business within the market.
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