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The state-backed carrier has $2.1bn of Alamo Re cat bond coverage. -
The firm projects losses from the fires at between $160mn-$190mn.
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Comments came as universal reported a 4.2 CoR jump to 107.9% in Q4.
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State Farm General has asked California regulators for an emergency rate increase.
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Technology is key to streamlining the value chain and mitigating loss ratios.
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Big tort reform packages are on the table, but California steals the show, for now.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The policies represent approximately $35mn of in-force premium.
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Talks are not preliminary, but a deal is not imminent for the two brokers, sources said.
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Other digital distribution platforms, including ProWriters and SportsInsurance, are also exploring a sale.
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Last October, this publication revealed that NSM was considering a carve-out of its B2B programs.
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Slide lined up Morgan Stanley, Barclays and JP Morgan as lead bookrunners.
