California
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Jonathan Rinderknecht was arrested Tuesday on destruction of property charges. -
Despite a rocky H1, 2025 insured losses from nat cat events may not surpass 2024 levels.
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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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Seller White Mountains will retain a roughly 15% fully diluted equity stake.
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The business has been ~70% owned by White Mountains since January 2024.
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The measures also seek to encourage greater wildfire mitigation efforts.
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The carrier notified California regulators that it would stop renewing plans starting last month.
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What’s next for the reinsurance market as Monte Carlo approaches?
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This is the first rate filing to use the recently approved Verisk model.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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Mercury’s recovery from the guaranteed percentage of losses is $47mn.
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The insurer denies it is responsible for the actor’s legal fees.
