Hippo: Hippo's $42m LA wildfire loss includes $15m gross savings from sale of subrogation rights

Home insurance carrier Hippo has announced estimated losses from the January 2025 Los Angeles, California wildfires of $42 million pre-tax, net of reinsurance recoveries and subrogation, also revealing that it has agreed to sell its subrogation rights specific to its portion of losses from the Eaton wildfire. The insurer's $42 million wildfire loss estimate includes [...]The post Hippo's $42m LA wildfire loss includes $15m gross savings from sale of subrogation rights appeared first on ReinsuranceNe.ws.