Twia
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Gallagher Re said rates had softened in 2025 versus the prior two years. -
The board of directors has voted for a 10% rate hike.
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The proposals include increasing either statutory or CRTF funds.
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This year, the association’s funding will come to $4.05bn with a $2.45bn retention.
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Twia’s actuarial and underwriting committee made the recommendation last week.
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The suggested update to the PML is $2bn higher than last year.
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