KCC: Ian Contributed to Sizeable Insured Losses Despite Mostly Average ’22 Hurricane Season
Last year, the state of Florida sustained the largest hurricane loss with Ian, with estimates of more than $100 billion in economic damage, including...
Last year, the state of Florida sustained the largest hurricane loss with Ian, with estimates of more than $100 billion in economic damage, including...
Article / 14 days ago
The post-Ian taper: How fast will the hard cat treaty market unravel?
After the panicky dislocation of the 1 January hard market, there is one central question that cat-exposed reinsurers are trying to puzzle out now as business...
After the panicky dislocation of the 1 January hard market, there is one central question that cat-exposed reinsurers are trying to puzzle out now as business...
Article / 16 days ago
FEMA's FloodSmart 2020-1 cat bond no longer at risk from hurricane Ian
A tranche of FloodSmart Re catastrophe bond notes that provide reinsurance to the US Federal Emergency Management Agency's (FEMA) National Flood...
A tranche of FloodSmart Re catastrophe bond notes that provide reinsurance to the US Federal Emergency Management Agency's (FEMA) National Flood...
Article / 16 days ago
Contractor Not Properly Assigned $3M Ian Claim, Insurer Says - Law360
A condo's insurer asked a Florida federal judge to dismiss a $3 million Hurricane Ian damage claim from the condo's roof contractor, arguing Wednesday...
A condo's insurer asked a Florida federal judge to dismiss a $3 million Hurricane Ian damage claim from the condo's roof contractor, arguing Wednesday...
law360.com /
Article / 21 days ago
NFIP reinsurance tower at-risk as hurricane Ian claims near $4bn trigger
Reinsurance carriers participating in the lowest layer of FEMA’s National Flood Insurance Program (NFIP) reinsurance tower are now at-risk of losses...
Reinsurance carriers participating in the lowest layer of FEMA’s National Flood Insurance Program (NFIP) reinsurance tower are now at-risk of losses...
Article / 27 days ago
ILS fund side pockets for hurricane Ian continue to be reduced
We've learned from sources that a number of insurance-linked securities (ILS) fund managers have recently been able to further reduce the size of investment...
We've learned from sources that a number of insurance-linked securities (ILS) fund managers have recently been able to further reduce the size of investment...
Article / 1 month ago
Q1 2023 Natural Catastrophe Report
An active start to 2023 resulted in above average natural catastrophe losses around the world...
An active start to 2023 resulted in above average natural catastrophe losses around the world...
Report / 1 month ago
Insurer Travelers profit falls on U.S. storm costs - Reuters
Property and casualty insurer Travelers Companies Inc on Wednesday reported a 6% fall in quarterly profit, hurt by severe wind and hail storms in parts of the United States in March...
Property and casualty insurer Travelers Companies Inc on Wednesday reported a 6% fall in quarterly profit, hurt by severe wind and hail storms in parts of the United States in March...
reuters.com /
Article / 1 month ago
Fla. residential property insurers post back-to-back $1B+ losses
Costs associated with litigation and Hurricane Ian pushed Florida's domestic residential property insurers deeper into the red in 2022....
Costs associated with litigation and Hurricane Ian pushed Florida's domestic residential property insurers deeper into the red in 2022....
Article / 1 month ago
PCS ups Hurricane Ian estimate to $48.9bn as edges closer to ILW trigger
Property Claim Services has revised its insured loss estimate for Hurricane Ian to $48.9bn, The Insurer can reveal....
Property Claim Services has revised its insured loss estimate for Hurricane Ian to $48.9bn, The Insurer can reveal....
Article / 1 month ago
