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Millions are evacuating after one of the strongest earthquakes in modern history. -
Mercury’s recovery from the guaranteed percentage of losses is $47mn.
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Insurers can offer features the beleaguered fund can’t, the MGA said.
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The regional insurer has increased its weighting to OLO and commercial auto, versus comp.
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Insured losses produced the second highest first-half tally since records began in 1980.
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As the US recovers from a major flood event, the vast majority of Americans remain uninsured.
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The company adjusts its rate options to expand California business under the new cat model.
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The executive said the claims industry is going to “be transformed”.
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Court documents show Travelers subsidiary Northfield Insurance is the insurer.
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The research team presents the June cat heatmap.
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Pricing slowdown and reserving concerns are the hot-button topics as earnings kick off.
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The company also encouraged insurers and brokers to support the initiative.
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