If you add the Commercial Property policies in effect the situation is even more dire, especially since as of November 2023 the Commercial Property Coverage was increased from 5.6mm to 20mm. Not very prudent for an already troubled carrier of last resort. A more conservative increase to 12mm-15mm would have been a more cautious increase. But then again we are dealing with governmental agencies, never known for their sound judgment.
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If you add the Commercial Property policies in effect the situation is even more dire, especially since as of November 2023 the Commercial Property Coverage was increased from 5.6mm to 20mm. Not very prudent for an already troubled carrier of last resort. A more conservative increase to 12mm-15mm would have been a more cautious increase. But then again we are dealing with governmental agencies, never known for their sound judgment.