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The outlook for its financial strength rating was unchanged at stable. -
The end of the waiting period effectively clears the path to close in the US.
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The move followed improvement in CEA’s claims-paying capacity.
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A hearing with the Florida Office of Insurance is scheduled for February 21.
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Priorities include climate and cyber risk, insurer financial transparency, and inclusion.
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CSAA writes over 70% of its business in the Golden State.
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The changes will be up for discussion at a March 26 public hearing.
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All parties interested in the case have agreed to participate in the process.
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As last year’s reforms shake out, only a few changes are pending for 2024.
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Rates are generally cheaper than the admitted market.
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The source of the funding is one of the most problematic elements for sources who spoke with this publication following the draft bill’s release on Friday.
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Organic growth will slow from historically elevated levels and the increased cost of debt will take its toll.
