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The commissioner said in a legal bulletin that smoke claims can’t be “summarily denied”. -
Hippo estimated its pre-tax cat loss from the LA wildfires at $42mn.
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As of February 14, the company received 405 claims.
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The London D&F market will shoulder most of the losses.
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Inflation, supply chains and tariffs also add to the challenges, he said.
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Under the new guidelines, the carrier is requiring more distance from the brush.
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The organization was hoping to grow its reinsurance cover.
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The company is seeking an emergency rate increase after the devastating Los Angeles wildfires.
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The estimate is based on industry losses in the range of $35bn-$45bn.
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State Farm General has asked California regulators for an emergency rate increase.
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Big tort reform packages are on the table, but California steals the show, for now.
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A quick roundup of our best journalism for the week.
