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