California
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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.
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The insurer denies it is responsible for the actor’s legal fees.
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The impact on the (re)insurance market has been muted due to its strong capital position.
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Up to nine million acres of US land are considered likely to burn.
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Ark's combined ratio included 25 points of catastrophe losses in Q1.
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The insurer has not decided whether to sell its Eaton subrogation rights.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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The carrier has received 12,300 claims as of 28 March.
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Plus, the latest people moves and all the top news of the week.
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Sources warned some property XoL books are already running 50% loss ratios.
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Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
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