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California scolds insurers on wildfire response; FAIR Plan in focus
Insurance
California scolds insurers on wildfire response; FAIR Plan in focus
Legislators, ratings analysts all lining up: FAIR Plan can’t clear its hurdles.   24 January 2025
KCC pegs LA Palisades, Eaton fire insured losses at $28bn
Insurance
KCC pegs LA Palisades, Eaton fire insured losses at $28bn
The fires are likely to generate ‘a high volume’ of smoke claims beyond blaze perimeters.   24 January 2025
US insurers call for LA wildfire cat bonds
Insurance
US insurers call for LA wildfire cat bonds
APCIA CEO sees way to shore up CA FAIR Plan liquidity.   23 January 2025
Insurance
US commercial rate growth edges up in Dec to close stable Q4: Ivans
Commercial property sliding from June peak but still double digit; liability goes slow.   23 January 2025
Reinsurance
LA wildfires may cost European reinsurers 30% of cat budgets: Fitch
Budget cost could near 40% if insured losses hit $45bn.   23 January 2025
Insurance
LA wildfires could inflict up to $35bn in losses; new blazes ignite
California's state fire agency has reported two new fires; Hughes and Sepulveda.   23 January 2025
Reinsurance
Travelers renews property cat 1.1 with limit flat at $8bn
Property cat treaty shifted to higher layers; casualty treaty moved lower.   23 January 2025
Insurance
Descartes launches parametric tornado damage policy
Claims product is next generation parametric insurance.   23 January 2025
Insurance
Ascot snags Everest underwriting chief for new key role
The executive will optimise its portfolio and analyse market trends for growth opportunities.   22 January 2025
Reinsurance
California FAIR Plan has $900m attachment point
But with only $377m in hand, question mark over triggering reinsurance cover.   22 January 2025

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