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The Democratic senator said increased federal oversight of insurance is not the answer. -
CEO Greenberg cited ‘competing priorities’ in his annual letter to shareholders.
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“We do not have the luxury of time,” he said during the Bermuda Risk Summit.
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Four cat modelers have also submitted their tech for regulatory review.
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“They've been focused on this for more than 10 years,” said Bermuda’s CIT Agency CEO Mervyn Skeet.
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There are signs that Florida’s insurance industry is coming under increasing legislative scrutiny.
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The commissioner said in a legal bulletin that smoke claims can’t be “summarily denied”.
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The company said it now expects the transaction to close in H2 2025.
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Insurers and distributors must adapt or risk irrelevance.
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The ratings agency noted “significant” underwriting improvement in 2023-24.
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RAA president Frank Nutter says he hasn’t been able to get an update on the project from the now Trump-led NOAA.
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Florida House speaker Daniel Perez is seeking an investigation into the charge.
