Insurance claims paid for the January 1st M7.5 earthquake that hit near the Noto Peninsula in Ishikawa pr...
Florida Citizens "will always be able to pay claims" - CEO Cerio
After Florida Governor Ron DeSantis claimed on television that the states Citizens Property Insurance Corporation "is not solvent", the CEO of the insurer
After Florida Governor Ron DeSantis claimed on television that the states Citizens Property Insurance Corporation "is not solvent", the CEO of the insurer
Article / 7 days ago
Jamaica targets four hurricane season catastrophe bond renewal: Finance Minister
Jamaica is looking to renew its catastrophe bond cover that expired at the end of 2023 and the country's Finance Minister Nigel Clarke said yesterday that...
Jamaica is looking to renew its catastrophe bond cover that expired at the end of 2023 and the country's Finance Minister Nigel Clarke said yesterday that...
Article / 22 days ago
Florida: Reforms encourage carriers, drive property insurance market improvement
The legislative reforms aimed at improving the property insurance market in Florida are increasingly seen as having a positive effect, with carriers...
The legislative reforms aimed at improving the property insurance market in Florida are increasingly seen as having a positive effect, with carriers...
Article / 29 days ago
Florida: Legislators pitch hurricane risk pool, Citizens CEO questions reinsurance availability
At a meeting of the Florida House Insurance and Banking Subcommittee yesterday, Tim Cerio, the CEO of Citizens Property Insurance Corporation cautioned
At a meeting of the Florida House Insurance and Banking Subcommittee yesterday, Tim Cerio, the CEO of Citizens Property Insurance Corporation cautioned
Article / 2 months ago
Florida Citizens expects depopulation to accelerate in 2024: CEO
Presenting to the Florida House Insurance and Banking Subcommittee yesterday, Tim Cerio, the CEO of Citizens Property Insurance Corporation...
Presenting to the Florida House Insurance and Banking Subcommittee yesterday, Tim Cerio, the CEO of Citizens Property Insurance Corporation...
Article / 2 months ago
Brazil's “Letra de Risco de Seguro” ILS securitization rules pass key hurdle
Brazil's regulations for “Letra de Risco de Seguro”, or LRS which translates to Letter of Insurance Risk and are effectively insurance-linked securities...
Brazil's regulations for “Letra de Risco de Seguro”, or LRS which translates to Letter of Insurance Risk and are effectively insurance-linked securities...
Article / 2 months ago
Bermuda's BMA aims to better facilitate parametric climate-related re/insurance
The Bermuda Monetary Authority (BMA) has laid out its plans for 2024, with Chief Executive Officer (CEO) Craig Swan highlighting specific opportunities in...
The Bermuda Monetary Authority (BMA) has laid out its plans for 2024, with Chief Executive Officer (CEO) Craig Swan highlighting specific opportunities in...
Article / 2 months ago
Florida lawmakers debate Citizens expansion, could drive up reinsurance needs
Among the property insurance related topics up for debate in the Florida legislative session are measures that could trigger another growth surge for...
Among the property insurance related topics up for debate in the Florida legislative session are measures that could trigger another growth surge for...
Article / 2 months ago
Cat bonds & ILS dominate Bermuda re/insurance registrations again in 2023
Registrations of new vehicles for catastrophe bond and insurance-linked securities (ILS) purposes have once again dominated the statistics on...
Registrations of new vehicles for catastrophe bond and insurance-linked securities (ILS) purposes have once again dominated the statistics on...
Article / 3 months ago
Florida insurers bought 11% more reinsurance in 2023. Data suggests lawsuits slowing
Florida insurance carriers purchased 11% more in reinsurance over the course of 2023 than a year earlier and while market conditions were certainly hard...
Florida insurance carriers purchased 11% more in reinsurance over the course of 2023 than a year earlier and while market conditions were certainly hard...
Article / 3 months ago