Farmers

The decision applies only to policies issued through the company’s exclusive agency distribution channel.

The carrier's first cat bond featured a new subrogation extension mechanism.

Farmers Insurance Group is set to sponsor its first catastrophe bond in a two-tranche deal that would provide cover for losses from named storms, severe weather, wildfires and earthquakes, Trading Risk understands.

The personal line carrier’s Camp Fire loss estimate is believed to have fallen from $1.8bn to $1.75bn.