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Rebranded and refocused, Cotality tackles wildfire and hail risks
It is making big moves in climate risk tech Source link
TWFG explores FAIR Plan wrap options as challenges persist
Bunch also said developments in California’s property segment are tied to wildfire exposure, confidence in new catastrophe models, and reinsurance support. Filing new programs in the state remains difficult, he added, especially when competing with a state-run plan. Source link
How Burns & Wilcox stays on top in the E&S market
Burns & Wilcox has also leaned into technology, launching a major investment initiative in 2020 to overhaul its digital infrastructure. The company has introduced AI-driven tools to streamline operations and improve market insight. “We’re using AI not to replace people, but to enhance what they do – removing repetitive tasks and giving us better data…
Defendant gets break in civil racketeering charge bought by American Transit Insurance Company in NY
Insurer claims multimillion dollar fraud, racketeering Source link
Insured losses due to California wildfires to exceed $30 billion — report
Carriers like Mercury General, with a strong presence in California, reported heavier losses. The state’s FAIR Plan, which insurers high-risk properties, also reported significant losses, estimated at $4 billion. Its cash and surplus levels are expected to drop from $1.5 billion at the start of the year to $305 million by June, prompting a $1…
Insurance moves at BHSI, Alliant Insurance and Resilience
They include certain promotions and a new underwriting chief Source link