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Residents are blaming antiquated infrastructure in Miami-Dade and Broward Counties, compounded by rising sea levels, king tide, and stormwater flooding.
New FEMA maps drawn in 2012 included many more homes in flood zones that required flood insurance than previous maps.
Private carriers now account for slightly more than 32% of the overall flood insurance market.
The first auto insurance policy was sold a little over a decade after Karl Benz applied for the first patent for a gas-powered vehicle.
The outlook is driven by a host of factors, including rising loss cost severity and increased losses from secondary perils.
The committee asked whether Citizens has contemplated requesting a federal bailout in the event of being unable to cover its claims.
The bond protects Axis and its subsidiaries against systemic cyber shocks over a two-year period starting in January.
Insurance industry trade groups herald the new law, which allows insurers to waive pre-insurance inspections, noting it was a long time in the making.
The Maryland Insurance Administration hosted the South American regulator as part of the NAIC's International Fellows Program.
A dozen new fraudsters enter the Coalition Against Insurance Fraud's Hall of Shame in 2023.