Rates may increase for many property reinsurance buyers at year-end renewals, but early indicators are th...
Weekly Cat Report September 22, 2023
Hurricane Lee’s long journey ended in the Canadian Maritimes on September 16-17. Due to its large size...
Hurricane Lee’s long journey ended in the Canadian Maritimes on September 16-17. Due to its large size...
Report / 2 days ago
2023 Q2 Florida Market Watch Report
The selected insurance companies generate a significant portion of their revenue from the Florida personal property market....
The selected insurance companies generate a significant portion of their revenue from the Florida personal property market....
PR / 2 days ago
California to equip insurers to price in forward-looking models & reinsurance costs
California is moving to avoid a developing insurance crisis in the state that has seen major companies pull-back on underwriting property insurance...
California is moving to avoid a developing insurance crisis in the state that has seen major companies pull-back on underwriting property insurance...
Article / 2 days ago
Allstate reports $641m of August cat losses, around half from Maui wildfire
US primary insurer Allstate has reported yet another costly month of catastrophe losses for August 2023, reporting some $641 million of cat losses...
US primary insurer Allstate has reported yet another costly month of catastrophe losses for August 2023, reporting some $641 million of cat losses...
Article / 3 days ago
Where 2023 Cat losses stand after summer storms - Canadian Underwriter
Summer storms in Alberta and the Prairies caused more than $300 million in insured losses, bringing the cumulative total of Cat losses to date in Canada to more than...
Summer storms in Alberta and the Prairies caused more than $300 million in insured losses, bringing the cumulative total of Cat losses to date in Canada to more than...
canadianunderwriter.ca /
Article / 3 days ago
B.C. to introduce new disaster management laws to address preparedness, mitigation - Canadian Underwriter
British Columbia's emergency management minister said the province will be ready to introduce “in the coming weeks”...
British Columbia's emergency management minister said the province will be ready to introduce “in the coming weeks”...
canadianunderwriter.ca /
Article / 3 days ago
Improved Florida construction offset by population gains: Swiss Re
While more resilient construction has helped mitigate hurricane damage in Florida, coastal population development has offset these gains by increasing assets...
While more resilient construction has helped mitigate hurricane damage in Florida, coastal population development has offset these gains by increasing assets...
Article / 3 days ago
10 States Want Judge to Block Changes to National Flood Insurance Program
Increases in federal flood insurance premiums that are projected to surpass 700 percent over the coming years are already leading people to back out of...
Increases in federal flood insurance premiums that are projected to surpass 700 percent over the coming years are already leading people to back out of...
Article / 4 days ago
CatIQ: Storms in Alberta and Prairies to cost carriers C$300mn+
Insurers are facing at least C$300mn in losses following several storms that tore through Alberta and the Prairies in recent months, according to an initial...
Insurers are facing at least C$300mn in losses following several storms that tore through Alberta and the Prairies in recent months, according to an initial...
Article / 4 days ago
Maui wildfire, hurricanes Hilary & Idalia may drive attritional quota share losses
We're told that some managers of insurance-linked securities (ILS) fund strategies that invest into collateralized reinsurance quota share arrangements...
We're told that some managers of insurance-linked securities (ILS) fund strategies that invest into collateralized reinsurance quota share arrangements...
Article / 4 days ago
