Anthony R. O’Donnell // January 17, 2025 (Image source: ACORD.) The adoption of ACORD standards in the reinsurance sector is leading the way toward broader

Policies issued under the program would mirror the NFIP’s coverage terms, including coverage amounts, deductibles, exclusions, and conditions. Under the bill, residential properties could receive

According to updated data from CalFire, the Eaton Fire has destroyed 5,718 structures, while the Palisades Fire has resulted in the loss of 2,869 structures.

The reinsurance structure covers 12.0334% of losses between US$7 billion and US$9 billion and 25.8584% of losses between US$9 billion and US$11 billion. This arrangement