January 22, 2025
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The market expects a lower proportion of restoration by utilities than after 2018’s Camp Fire. -
On average, Pure members will see a 7.6% rate decrease.
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The independent MGU was spun out of AIG in 2023.
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Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
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Dale Krupowicz was also named head of operations for the segment.
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Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.
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Q2 cat losses at AIG declined to $170mn from $330mn in the prior year quarter.
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Hagerty Re will now assume 100% of the premium and 100% of the risk.
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Weatherbys Hamilton provides private client, bloodstock and farm coverage.
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The industry veteran has been in personal lines HNW for more than four decades.
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When it comes to sympathetic juries, high net worth individuals are under the same pressure as corporations.
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The January wildfires did little to hamper their appetite, apart from California.
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