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Paying out more than twice as much in claims and expenses as collected in premiums in both 2017 and 2018, California homeowners insurers are still feeling the impact in 2023, according to the ...
Specialty insurers will likely deal with "substantial claims and losses" in the wake of the recent bankruptcy filing for California utility PG&E Corp., whose equipment may have contributed to ...
Chubb disclosed an estimated $585 million in net catastrophe pretax losses for the 2018 fourth quarter, stemming mostly from storms and wildfires. After tax, those catastrophe losses totaled $505 ...
PG&E Corp, owner of the biggest U.S. power utility by number of customers, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially ...
Arch Capital Group Ltd. is warning that it faces between $110 million to $130 million in pretax catastrophe losses for the 2018 fourth quarter. The Bermuda-based insurer and reinsurer blamed the ...
President Donald Trump, who has blamed California's forest management for last year's disastrous fires, threatened to halt the Federal Emergency Management Agency's assistance to victims unless that ...
A.M. Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" of California Capital Insurance Co. and ...
AXIS Capital Holdings Ltd. predicts between $125 million and $150 million in pre-tax losses for the 2018 fourth quarter stemming primarily from California wildfires. AXIS said that the preliminary ...
In the days before California's deadliest wildfire erupted near a PG&E Corp. power line during a windstorm, the company kept a close eye on the weather, warned customers it might shut off ...
PG&E Corp., suspected of starting California's deadliest wildfire, may soon get help from state lawmakers -- just not the help it most wants. As early as Dec. 3, a lawmaker plans to introduce a ...
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