California
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The measures also seek to encourage greater wildfire mitigation efforts. -
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.
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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.
