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The Insurance Insider US news team runs you through the earnings results for the day. -
Four cat modelers have also submitted their tech for regulatory review.
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Wows will offer coverage tailored to high-value properties, written on non-admitted paper.
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The commissioner said in a legal bulletin that smoke claims can’t be “summarily denied”.
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Insurers and distributors must adapt or risk irrelevance.
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Hippo estimated its pre-tax cat loss from the LA wildfires at $42mn.
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As of February 14, the company received 405 claims.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier is only going to write new business on E&S paper, sources said.
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Florida House speaker Daniel Perez is seeking an investigation into the charge.
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Customers will keep their agent relationship and policies will not be impacted.
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Underwriting profits for casualty-exposed insurers show signs of struggle as loss costs worsen.
