Allstate expects $1.1 billion in losses from Los Angeles firesAllstate expects $1.1 billion loss from LA fires, yet reports 30% growth in quarterly net income due to reinsurance strategies.
Facing Crisis, California Insurance Regulators Cap Largest Rules Change in 30 Years | KQEDCalifornia has approved regulations allowing insurers to pass reinsurance costs to consumers, promoting coverage in wildfire-prone areas.
California will require insurance companies to offer coverage in wildfire zonesInsurance companies must provide coverage in high-risk fire areas to continue operations in California.
Facing Crisis, California Insurance Regulators Cap Largest Rules Change in 30 Years | KQEDCalifornia has approved regulations allowing insurers to pass reinsurance costs to consumers, promoting coverage in wildfire-prone areas.
California will require insurance companies to offer coverage in wildfire zonesInsurance companies must provide coverage in high-risk fire areas to continue operations in California.
RWA Platform Re Debuts Tokenized Reinsurance Fund on Avalanche with $15M Commitment from Nexus MutualRe focuses on low-volatility insurances and aims to back $200 million in premiums by the end of the year.
London-based Supercede bags 14M funding - Silicon CanalsSupercede, a reinsurance technology platform, secured $15M in Series A funding to enhance team expansion and platform development.