Insurers Push Back on “Free Reinsurance” as California Shifts Away from Capital Markets
California's earthquake and wildfire backstop is getting private market pushback.
California's earthquake and wildfire backstop is getting private market pushback.
Experts warning that traditional catastrophe models are struggling to keep pace with climate change.
Legislation was signed into law last week allowing model use in setting prices, but a wildfire reinsurance backstop was a step too far for lawmakers.
TWIA taps state for emergency storm funding, Apollo doesn't see an insurance investment "bubble."