Following the 2017 Tubbs Fire and the 2018 Camp and Woolsey fires, insurers cumulatively paid out more than twice as much in claims and expenses as they collected in premiums for both years.
Hohman succeeds Elizabeth Kramer following her recent appointment as president of E&S Lines. He will also become a member of the MRSI executive leadership team.
The agency cited net underwriting losses, inflationary and supply chain pressures, and elevated reinsurance costs as factors leading carriers to pull back in cat-exposed US states.
