January 22, 2025
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The market expects a lower proportion of restoration by utilities than after 2018’s Camp Fire. -
The storm is expected to bring freezing rain and heavy snow across a wide swath of the US.
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Over 30 years after the Northridge earthquake, quakes have fallen out of market discussions.
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The reinsurance broker will be known as Marsh Re starting in 2027 as part of a broader company shift.
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Increased vegetation could spell trouble in the future.
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Private capital-backed buyers accounted for 605 of 854 deals last year.
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Reserves will join rate softening, margin pressure, as key topics in Q4 discussions.
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Southern is said to have diverted 36 clients with $4mn in annual revenues from Marsh.
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Sources said Jefferies and RBC have been retained to advise on the sale process.
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Casualty and auto loss costs continue to rise due to inflation as we head into 2026.
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On average, Pure members will see a 7.6% rate decrease.
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Insurance has been an increasingly salient issue among politicians in the state.
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