Farmers
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The decision applies only to policies issued through the company’s exclusive agency distribution channel.
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The carrier's first cat bond featured a new subrogation extension mechanism.
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Farmers Insurance Group is set to sponsor its first catastrophe bond in a two-tranche deal that would provide cover for losses from named storms, severe weather, wildfires and earthquakes, Trading Risk understands.
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The personal line carrier’s Camp Fire loss estimate is believed to have fallen from $1.8bn to $1.75bn.
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