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The nationwide carrier ranked sixth for multi-peril California homeowners' insurance in 2023. -
The carrier is restructuring the business into three segments.
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Anthony Norfolk joins from Swiss Re, where he was a senior engineering underwriter.
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Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
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Disclosures show the insurer has roughly 4,300 homeowners’ policies in effect in fire-impacted zip codes.
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In the food and beverage market, rates are falling by an average of 3%-4%.
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The carrier can claim separately for the Palisades and Eaton fires if necessary.
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The reinsurance attaches at $7bn, unchanged for the past two years.
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Market softening means exploiting hardening niches is the name of the game.
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Philip Ryan and Sir Paul Tucker will not stand for re-election.
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High-net-worth binders and treaty exposures will bring significant claims to Lloyd’s writers.
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This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
