UK (re)insurers are consulting on a proposal to create two state-backed cyber (re)insurance schemes which...
Property market braces for $200mn+ Dollar Tree loss after direct tornado hit
Underwriters are expecting losses from the direct tornado hit on the Dollar Tree distribution centre in Marietta, Oklahoma to exceed $200mn, with...
Underwriters are expecting losses from the direct tornado hit on the Dollar Tree distribution centre in Marietta, Oklahoma to exceed $200mn, with...
Article / 2 days ago
Dollar Tree expects “majority” of tornado-hit distribution facility's losses are insured
Dollar Tree has told investors the “majority” of the damages and recovery costs it will incur after a tornado tore through its one million square...
Dollar Tree has told investors the “majority” of the damages and recovery costs it will incur after a tornado tore through its one million square...
Article / 6 days ago
Midwest slammed by 100+ tornadoes as SCS frequency losses continue
Homeowners and businesses in the Midwest are clearing up after more than 100 recorded tornadoes swept across several states including Nebraska, Iowa...
Homeowners and businesses in the Midwest are clearing up after more than 100 recorded tornadoes swept across several states including Nebraska, Iowa...
Article / 7 days ago
Insurer in Full: Reinsurance market finds stability after four years of hardening
Florida’s Citizens and its broker Gallagher Re have gone out to the traditional reinsurance market this week with the submission for its newly combined personal lines account, commercial lines account and coastal account placement...
Florida’s Citizens and its broker Gallagher Re have gone out to the traditional reinsurance market this week with the submission for its newly combined personal lines account, commercial lines account and coastal account placement...
Article / 27 days ago
AM Best: No significant property insurance impact from NY ‘quake
The 4.8 magnitude earthquake that shook New York and the surrounding area on Friday morning is expected to have no significant financial impact on property insurers in the region,...
The 4.8 magnitude earthquake that shook New York and the surrounding area on Friday morning is expected to have no significant financial impact on property insurers in the region,...
Article / 29 days ago
Windward confirms launch of new FL exchange Ovation Home
Windward Risk Managers has added another carrier platform to its roster with the launch of Ovation Home Insurance Exchange, a Florida-domiciled...
Windward Risk Managers has added another carrier platform to its roster with the launch of Ovation Home Insurance Exchange, a Florida-domiciled...
Article / 1 month ago
Travelers active underwriter Allison and property head Tokley exit
Travelers has seen two high-profile departures from its Lloyd’s operations with the exits of active underwriter and head of specialty Chris Allison...
Travelers has seen two high-profile departures from its Lloyd’s operations with the exits of active underwriter and head of specialty Chris Allison...
Article / 1 month ago
Florida overtakes California as largest surplus lines state in Q1
Surplus lines premium volume in California fell by 0.1 percent in Q1 2024, while growth in Florida's market meant the Sunshine State overtook its...
Surplus lines premium volume in California fell by 0.1 percent in Q1 2024, while growth in Florida's market meant the Sunshine State overtook its...
Article / 1 month ago
Baltimore bridge loss estimated at $1bn-$3bn with Lloyd's share $250mn+
Early analyst estimates are converging around an industry loss of between $1bn and $3bn for the collapse of the Francis Scott Key Bridge in Baltimore...
Early analyst estimates are converging around an industry loss of between $1bn and $3bn for the collapse of the Francis Scott Key Bridge in Baltimore...
Article / 1 month ago
Aon: Mid-March SCS insured losses to run into hundreds of millions
The insured and economic losses from a severe weather outbreak spanning Texas to Ohio from 12 to 16 March will reach into the hundreds of millions of dollars...
The insured and economic losses from a severe weather outbreak spanning Texas to Ohio from 12 to 16 March will reach into the hundreds of millions of dollars...
Article / 1 month ago