With insurers' claim counts from the California wildfires mounting ever higher, a reinsurance expert suggested that carriers should have an easier time collecting on their reinsurance coverage than they did in 2003.
Lara Mowery, Guy Carpenter managing director in the reinsurance brokerage's Minneapolis office, said changes in contract documents since 2003 should lessen the number of disputes over California wildfire losses between reinsurers and primary insurers.
There has been an "evolving definition" of reinsurance coverage for wildfires, she explained.
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