California
-
The governor has yet to sign a pending bill to create a public cat model. -
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.
-
Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
-
Seller White Mountains will retain a roughly 15% fully diluted equity stake.
-
The business has been ~70% owned by White Mountains since January 2024.
-
The measures also seek to encourage greater wildfire mitigation efforts.
-
The carrier notified California regulators that it would stop renewing plans starting last month.
-
What’s next for the reinsurance market as Monte Carlo approaches?
-
This is the first rate filing to use the recently approved Verisk model.
-
The model becomes the second in the state to get approval to affect ratemaking applications.
-
Mercury’s recovery from the guaranteed percentage of losses is $47mn.
