Palomar ups Q3 cat loss estimate to $17.5mn
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Palomar ups Q3 cat loss estimate to $17.5mn

Rachel Dalton
November 03, 2021
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Palomar logo La Jolla California jt.jpg

Californian carrier Palomar has revised up its Q3 pre-tax cat loss estimate from $15.5mn to $17.5mn.

In an announcement yesterday, the carrier said the net losses were due to hurricanes Ida and Nicholas, as well as a $5mn loss from an excess liability indemnity policy related to losses incurred by Pacific Gas and Electric (PG&E),...

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