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The estimate includes claims from four hurricanes: Hanna, Isaias, Laura and Sally. -
The president and CEO urges wordings precision to avoid cyber-related litigation.
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EMC and Church Mutual turn back to reinsurers after devastating wind losses.
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Structures damaged or destroyed include the Meadowood Napa Valley resort and Medieval-style winery Castello di Amorosa.
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The deal will come into effect on 1 October, with the specialty player's gross lines likely to scale up by a quarter.
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Aon’s former head of international catastrophe management will take up the position next September.
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Updated figures include roughly 25,000 more policies than Citizens had predicted in June.
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The Zurich-based Munich Re subsidiary replaces Renate Strasser.
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All three fires are prompting evacuation orders in Napa and Sonoma counties.
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If reinsurers prevail in limiting insurers from aggregating BI claims, this will shield retro markets.
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Total insured losses are well up on 2019, but the severity of individual blazes is not likely to impact reinsurers extensively.
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The multidistrict litigation panel is expected to reach a decision by early next week.
