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The measures also seek to encourage greater wildfire mitigation efforts. -
The specialty MGA said it didn’t experience direct losses from the LA wildfires.
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IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.
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The annual meeting took place in Pasadena, California, miles from the site of LA wildfires.
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The wildfire MGA is expecting to write higher value homes soon and may expand into new states.
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The carrier notified California regulators that it would stop renewing plans starting last month.
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The bi-partisan legislation would make FEMA a cabinet-level agency.
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The program is aimed at affluent homes valued between $1mn and $6mn.
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This is the first rate filing to use the recently approved Verisk model.
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In an interview, the firm’s CEO spoke about the CV deal, growth and its M&A pipeline.
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The company plans to launch in New York and New Jersey next year.
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A shift to back to the admitted property space and MGAs choosing ignorance are other possible scenarios.
