Texas Lawmakers Approve State-Backed Financing for TWIA as Hurricane Season Begins
A new law gives windstorm insurer faster access to $1.5 billion in emergency liquidity as it heads into the hurricane season depleted.

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Think Tank Makes Case for Federal Disaster Reinsurance as Property Market Strains Mount
A new report makes the case for federal disaster reinsurance to stabilize volatile property insurance markets.

Markets
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Ackman Pivots From Building to Buying an Insurer
The hedge fund manager is targeting $1B to $3B insurance deals.