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In its complaint Citizens accuses Strems Law Firm of “egregious dilatory tactics”.
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Florida Citizens received more than 500 new Irma claims each month up until April, which has slowed 30 percent from 2019.
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The deal will see HSCM founder Millette and HSCM Bermuda clients assume majority control of the holding company. -
Interim leader Larry Swets was CEO of auto insurer Kingsway.
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Lower deployable capacity and looming Covid risks added pressure, the firm said.
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The total premium outlay for the programme rose by 10% to $272mn.
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The bond’s spread was increased twice as Avatar looked to secure $65mn of limit in the hard Florida market.
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To what extent does the business opportunity for new start-ups rely on BI losses that the industry is vigorously rebutting?
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The Floridian carrier increased its private reinsurance programme to cover growth despite rate increases.
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On a risk-adjusted basis, the cost of Citizens’ private reinsurance programme increased 20 percent year on year.
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Cristobal could impact the Gulf Coast as a tropical storm late on Sunday.
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The Florida-based insurer’s spend rose by 17 percent to $262mn.
