-
The carrier has been reducing its presence in the state since 2007. -
The carrier’s Eaton Fire loss would be a retained net loss hit.
-
RenRe gave the highest anticipated market loss of $50bn.
-
The company says the recent wildfires will be the costliest in its history.
-
The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
-
Commissioner Lara said 31,000 claims have been filed for disaster-related needs.
-
The carrier has around $2.5bn-$4bn of reinsurance cover specifically for California risk.
-
The Floridian also expects to report its “best earnings quarter” for Q4 2024.
-
Legal experts say the bill, SB 222, stands a good chance of becoming law.
-
The figure does not include specie or auto losses.
-
The nationwide carrier ranked sixth for multi-peril California homeowners' insurance in 2023.
-
The carrier also has a $500mn excess $2.4bn aggregate protection.
