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The Florida of 2022 lacked stability and saw many carrier insolvencies. -
But cat bonds are experiencing negative secondary market price movement.
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Democrats pushed back during the hearing, urging rules to encourage mitigation.
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The company did not take questions on its recently announced business review.
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Sources said that Waller Helms/Houlihan Lokey is working with the firm as financial adviser.
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The carrier has not added new business in the state since 2007.
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Insurance stocks are lukewarm amid earnings season, cats and political changes.
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A new UK CEO for the trade credit insurer will be announced at a later date.
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The carrier disclosed it will book $1.1bn in net losses from the California fires.
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The insurer acknowledged additional claims in 2025 would be “reasonably possible”.
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The specialty insurer reported favorable developments in both its insurance and reinsurance segments.
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The carrier has been reducing its presence in the state since 2007.
