Florida | Insurance Insider US

The company’s policy count has been declining rapidly in recent months.

The parties now have 60 days to file a stipulation to dismiss the action.

The finance committee discussed shifting market dynamics as tort reform takes effect.

The commissioner said more work needs to be done, but big companies are interested in coming back.

The Floridian also anticipates $115mn to $125mn in net income for the quarter.

Sources said the Floridian insurer has been working with Deutsche Bank on the listing preparations.

The executive joins from RenaissanceRe.

Chief risk officer Shannon Lucas will move to COO as part of the shakeup.

The UK-based insurer’s Florida Re secured state regulatory approval in June.

The company anticipates a considerable bump in book value after IPO of subsidiary Exzeo.

The executive said inflation isn’t completely gone but is now “more understood”.

The Insurance Insider US news team runs you through the earnings results for the day.

Slide does expect a “meaningful” amount of takeouts for this month and next.

The insurer reached highs of over 1.4 million policies in September 2023.

Exposure for California’s Fair plan has jumped, as insurers drop policyholders.

Rate pressure on wind and quake partially offset overall Q3 programs growth.

The company sees itself in a “very strong position” in the state.

The Insurance Insider US news team runs you through the earnings results for the day.

The London-based executive will relocate to Daytona Beach, Florida.

SageSure’s recent M&A in Florida was driven by being selective with policies and smart about claims costs.

Critics claim the dispute system denies consumers' key legal rights.

The tech subsidiary applied to list its common stock on the New York Stock Exchange under the ticker symbol “XZO”.

The insurer booked a $950mn policyholder credit expense in September.

Founder Chad King will transition to chairman but continue leading M&A efforts.

As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.

New home sales could be impacted by a prolonged stalemate.

She previously served as Hub’s North American casualty practice leader.

With the deal, sources expect backers Tiptree and Warburg Pincus to exit the Floridian insurer.

Sources said they expect the carrier’s listing to raise about $100mn.

This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.

Sources said that the carrier’s listing is expected to raise around ~$100mn.

The company is estimating its IPO price at $18-$20 per share.

A federal judge restricted former Marsh employees from soliciting for Howden.

A report by the ratings agency challenges current industry wisdom.

Models anticipate a busier second half, particularly in the next few weeks.

The deal is expected to result in $700mn in combined GWP in Florida upon completion.