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The legislation would restrict attorney fees in AOB cases.
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The carrier also appointed former PartnerRe executive Dick Sanford as president.
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As the $1.5bn deal completes, the bulk of senior staff from Tokio Millennium Re will leave the firm.
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The overwhelming majority of claims have come out of Bay County, the Florida Office of Insurance Regulation said.
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The Insurance Council of Australia said more than 22,204 claims had been filed in connection with the floods.
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Last year was the first since 2014 to see an increase in negative ratings actions, AM Best said.
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A deal would take the combined entity to the top spot by (re)insurance broking business revenue. -
Gross written premiums (GWP) was up by 31 percent for the fourth quarter and 48 percent for the calendar year compared with 2017.
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The utility’s total pre-tax charges for the 2018 Camp Fire and 2017 Northern California wildfires now stand at $14bn.
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The total has risen 25 percent, or more than $2.3bn, since last month.
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The utility estimates that its liabilities to insurers for wildfires could exceed $30bn.
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The legal action follows losses in share value resulting from regulatory probes into Markel Catco.
