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The fire started Wednesday morning and is currently 0% contained. -
Losses from the larger fire will amount to $20bn-$25bn, the modeller said.
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In Partnership With VIPR SolutionsPaul Templar, Co-Founder & CEO of VIPR Solutions, explores the drivers of growth, key challenges, and future outlook for MGAs in 2025.
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The broker said disaster data can attract more risk capital.
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The pool services a number of public authorities in California.
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Severe convective storms accounted for 41% of last year’s insured loss load.
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The estimate has reduced slightly since the modeler’s last update in October.
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Sources said that the new paper is replacing PartnerRe capacity that was backing the MGA.
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CEO Cerio highlighted changes that allowed the insurer of last resort to combine commercial, coastal and personal lines.
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Daniel Moruzzi joins from Ascot and Matthew Cope joins from Aon.
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
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Investigators are homing in on the likely causes of the incidents.
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