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The floods have killed at least 81 people, with dozens more missing. -
Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
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The investigation follows several civil racketeering cases filed by Tradesman based on similar facts.
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The late March storm caused extensive damage in southern Quebec and Ontario.
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The company said the reduction was due to years of steady improvements.
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Early adopters of AI will see efficiencies – and likely increased market share, Kantar said.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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The exec said the feds have been given data to potentially pursue criminal charges.
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With the added capacity, the MGA can offer up to $35mn per risk.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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The partnership is being formed via Liberty Mutual’s Ironshore subsidiary.
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The insurer intends to take on up to 81,040 policies this year.
