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Newsom has yet to sign a pending bill to create a public cat model. -
The measures also seek to encourage greater wildfire mitigation efforts.
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The violations included not using propertly appointed adjusters and failing to pay claims.
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The group claims the White House is undermining disaster preparedness.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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Insurers must write policies in high-risk areas in order to incorporate the model.
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The consultation period around UK ISPVs was opened in November last year.
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The proposed reforms are designed to put the UK’s regulatory framework on par with Bermuda and the US.
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Managers believed end-investors value diversification and non-correlation of cat bonds over liquidity.
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The suit claims billions of dollars are being illegally withheld.
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The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
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State legislation has led to major strides in rate adequacy.
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