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The carrier has received more than 3,600 claims from LA wildfires. -
There are many unknown factors including insurance gaps, high-value property and damage to critical infrastructure.
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The complaint accuses a new law firm, Liakas Law, of involvement in a fraud scheme.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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It is understood that Grim will be part of the casualty team at the TIH-owned wholesaler.
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The estimate has reduced slightly since the modeler’s last update in October.
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Year-end reserving, Milton and wildfires will dominate Q4 earnings discussions.
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The anticipated portion ceded to reinsurance may reach the mid-to-high single-digit billions, it added.
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Rate increases averaged 0.0% in December 2024, from 16.3% in December 2023.
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This will be the most expensive fire in the state’s history, it said.
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Also, John Diaz will lead a customer and distribution management function.
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The regulator also emphasized the need for private flood insurance after hurricane Helene.
