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Malibu, which has 10,000 residents, posted on social media on Wednesday that the fire was 7% contained. -
The carrier doesn’t have big concentrations with distributors and conducts business with individual brokers.
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Sources said that Archer Transactional and BlueChip Underwriting will continue operating with existing paper providers.
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Sources said Berkshire will move from the largest single capacity provider to a single-digit percentage line size.
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CMP and BOP reached their highest levels in over a decade.
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The all-items index rose 2.7% for the last 12 months.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
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By contrast, capacity remains tight at the lead level.
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The fire started Monday night, with high winds predicted for Tuesday morning.
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TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
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The state reinsurer of last resort discussed options for 2025 reinsurance buying strategy.
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The move was led by ex-Icat CEO Gregory Butler.
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