-
The company will ‘aggressively pursue subrogation’ for the Eaton Fire. -
The supply chain in personal auto, and the impact on inflation are areas of concern.
-
Annual report pegged data and cyber security risks as most cited business challenges.
-
Insurers could absorb as much as 90% of this year’s already elevated losses given shifts in attachment points.
-
Carriers that started earlier in correcting their books and catching up with loss trend may be reaping rewards.
-
Alexandra Furth has more than 20 years of claims and legal leadership experience.
-
Ultimate losses from the Palisades, Eaton and Hurst fires are estimated at $4bn.
-
The LA-based firm estimated gross cat losses in the range of $1.6bn-$2bn.
-
Subsidiaries of Chubb, AIG, Travelers and The Hartford were all named in the lawsuit.
-
A report from the reinsurance broker said fast rate approvals are key to stabilizing the California marketplace.
-
The carrier reshaped its portfolio in 2024, cutting costs and investing in Gen AI and LLM technology, CEO Peter Zaffino told staff.
-
The NFIP’s strategy is to use "short-term borrowings" to meet what could be $10bn in claims.
Most Recent
