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US lawmakers have pushed back the deadline for the flood insurance programme’s expiration to 14 June.
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It is hoped the Golden State will be able to have the policy in place from the start of next year, The Insurance Insider understands.
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The Puerto Rican carrier pegs the claims it is fighting to recoup from reinsurers at $56mn.
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The carrier has raised the 2019 natural catastrophe forecast for its Nipponkoa domestic unit to just over $480mn.
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Two Texan wind and hail events caused 70 percent of the insured damage.
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The dispute relates to a portion of Protector’s claim for the fire that centres on an additional facultative cover. -
California state investigators determined that the fire was caused by power lines owned and operated by the utility.
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A torrid claims year has pushed Gard and the UK P&I club to report losses.
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The firm said its new Risk Intelligence platform would be “open, modular and future-proof” as it moved to shutter the former RMS(one) offering.
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The issuances from United Insurance Holdings (UPC), American Integrity Insurance Company and Safepoint point to a slight hardening of the market.
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The reinsurance pool said the move should increase the availability of policies for customers with niche needs using brokers.
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The verdict is the third and largest against the chemical company over claims that Roundup causes cancer.
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