Homeowners' insurance
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California homeowners are also expected to move admitted business to E&S. -
But automotive repair costs are likely to increase faster than home repair.
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The initial offering will include 6,875,000 shares of common stock.
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The Floridian is expecting to have around 40,000 policies in force by year-end.
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The Lone Star State has seen rapidly increasing rates in recent years.
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CEO Marchioni said the overall hit would likely be “in the low single digits”.
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Imported goods account for 30%-50%+ of materials used for HNW homes, versus 15%-25% in standard houses.
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The carrier surpassed the retention on its annual aggregate reinsurance cover for the year to March 31.
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Howard and Moore were among a group to receive letters over links to prior insurance insolvencies.
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The suit seeks to block insurers from passing through assessment costs.
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The insurer achieved an 86.4% acceptance rate of the policies selected.
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The release followed the filing of an updated Plan of Operation.
Related
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Mangrove assumes around 20,000 Citizens policies
June 26, 2025 -
Fox/Stanard-backed embedded auto MGA eyes expansion
June 23, 2025 -
Citizens secures $4.49bn in reinsurance coverage
June 23, 2025