secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001558370-21-014126
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Palomar revises Q3 2021 pretax catastrophe losses to $17.5M, including PG&E policy loss
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- Revised pretax catastrophe loss estimate of $17.5M, net of reinsurance and prior period development, for Q3 2021.
- Includes losses from Hurricanes Ida and Nicholas and a $5M excess liability indemnity policy for PG&E (PESIC).
- Incremental net impact of PG&E loss after earned premium acceleration is $0.09 per share, or $2.3M.
- Loss estimates remain preliminary and subject to change due to complexity and incomplete closing procedures.
- PG&E disclosed the loss on Nov 1; Palomar’s policy covers wildfire liability up to $5M with potential recoveries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000155837021014126/0001558370-21-014126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000155837021014126/plmr-20211102x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-014126

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer