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Insureds often just want cover in place at the lowest price possible, and insurers oblige under the skeptical eye of regulators.
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The carrier has not added new business in the state since 2007.
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The carrier disclosed it will book $1.1bn in net losses from the California fires.
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The carrier’s Eaton Fire loss would be a retained net loss hit.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium.
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At January 1 renewals, prices dropped 5%-15% for loss-free programs.
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The MGA and 49% owner SiriusPoint could bring in a new investor.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The impact of the devastating California wildfires is too early to ascertain, executives said during earnings calls.
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The Insurance Insider US news team runs you through the earnings results for the day.