Pull-backs from Cali wildfire create a coverage gap that’s ripe for ILS
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Pull-backs from Cali wildfire create a coverage gap that’s ripe for ILS

Night long exposure photograph of the Santa Clarita wildfire

As major US carriers pull back from writing California homeowner policies citing wildfire risk, the future shape of that market and what role ILS capital could play is open to question.

State Farm withdrew from writing new Californian personal lines business this month, and Allstate just this week doubled down on its exit from the state announced last year.

The

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