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MGAs can offer insurers a cost-effective entry into new or niche markets without having to make the typical expenditures associated with expansion.
In addition to age, a breed's size can also play a role in pet insurance costs, according to Forbes Advisor.
Collectively, the four small insurers currently hold around 43,400 home policies in the state.
The state has shortened the application review timeline for captives, among other changes.
While the NFIP was established in 1968, interest in such a program stretches back much further.
According to IBM, the average cost of a data breach in the U.S. is $9.44 million.
Nationwide Pet presented the feline named Giles with its 15th annual Hambone Award for most unusual pet insurance claim.
Reinsurance allows a primary carrier to pass, or cede, a portion of its liabilities onto another company.
Reinsurers' premium growth was mostly driven by rate increases and not exposure growth during 2022, according to AM Best.
Insurance in the U.S. started with a group of firefighters in Philadelphia – one of whom was Benjamin Franklin.