California FAIR Plan has $336 billion of property exposure on its books, backed up by just $200 million of capital and $700 million of cash on hand, according to President Victoria Roach.
Tag: property exposure
AM Best: Reinsurers Shifting Business Away from Property to Casualty and Specialty Lines
According to a new AM Best report, insurers are shifting their business mix away from property and toward casualty and specialty lines due to uncertainty. “Although casualty and specialty lines are not immune from accumulation risk, as seen in major events such as the pandemic or the Ukraine invasion, they are considered to be more… Continue reading AM Best: Reinsurers Shifting Business Away from Property to Casualty and Specialty Lines