-
CEO Cerio highlighted changes that allowed the insurer of last resort to combine commercial, coastal and personal lines. -
Carlos Becerra will succeed Delgado as Miami-based LatAm fac head.
-
This publication revealed in July 2023 that the utility company had chosen to try self-insurance for the first time.
-
New CEO Williamson will likely continue walking the hybrid path, with an emphasis on fixing US casualty.
-
The 2024 loss figure exceeded that of the previous record of C$6.2bn in 2016.
-
The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
-
Utilities have faced major liabilities for their involvement in starting wildfires.
-
Investigators are homing in on the likely causes of the incidents.
-
The number of structures damaged may put the event on par with the fires of 2017 and 2018.
-
Many are confident the regulatory changes will still stabilize the market in the near-term.
-
Sources are saying 2025 could be as expensive for wildfires as the $20bn loss years of 2017 and 2018.
-
Total economic and insured losses are “virtually certain” to reach into the billions.
