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The losses are more than triple those from December blizzards in Buffalo, New York.
The figures are from the NAIC's 35th annual State Insurance Department Resources Report.
The Golden State is concurrently experiencing a drought emergency and a flood emergency.
The appointment follows the retirement of state Insurance Commissioner Jim Ridling at the end of June.
Voters in California, Georgia, Kansas and Oklahoma will select their next insurance commissioners in November.
When it comes to lines of P&C insurance, AdvisorSmith found mortgage guaranty to be the most profitable, followed by inland marine and fire.
Annual insurance department budgets range from $0 to more than $200 million in 2021.
Flood risk continues to outpace the number of homes and businesses with flood insurance. Two trends could help close the coverage gap.
Is now the time for a comprehensive overhaul of the NFIP?
Jacksonville Beach, Florida-based organizations teamed up to raise funds to purchase and hand-deliver vital disaster recovery and building materials for Dorian victims.
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