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Few claims have been filed thus far, as damages have been highly localized. -
The ongoing demonstrations could have law enforcement liability implications.
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Lara approved an interim rate increase for the company just weeks ago.
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GCP retains a controlling interest in the Californian retail brokerage.
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Up to nine million acres of US land are considered likely to burn.
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The company seeks the full 30% homeowners’ rate request it made last June.
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"Smoke damage is real damage," Commissioner Lara said.
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Lloyd’s traditionally avoided US middle market property, but head of P&C Matt Keeping says times have changed.
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Rates have fallen an average of 10%, though changes can be highly specific to each property.
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Modeling wildfires is particularly challenging compared to primary perils like hurricanes.
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State Farm will need to provide its CA subsidiary with a $400mn surplus note.
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Insurance Insider US revealed last year that Intercare had retained MarshBerry to explore strategic options.
