Personal E&S
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The company plans to launch in New York and New Jersey next year. -
The renewal and upsizing of the Trouvaille E&S sidecar highlighted the market’s potential.
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The carrier has received 12,300 claims as of 28 March.
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The bond will provide fire protection for MGA Bamboo’s California business.
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A higher loss quantum will put a greater burden on retro programmes.
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The total includes fire and smoke damage plus living expenses for evacuees.
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Most carriers paid more in homeowners’ claims than they collected in premiums.
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The carrier is the largest writer of homeowners’ multi-peril in the state.
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As fires still rage, many fear early $10bn-$20bn estimates were too optimistic.
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This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
