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Property

 

 

Reinsurers’ catastrophe budgets ‘can withstand $50bn Milton industry loss’

Double blow of hurricanes Helene and Milton could threaten smaller carriers focused on Florida, analysts warn

United States Property

Insured loss from August flooding in Ontario estimated at C$100m

The storm and subsequent flooding brings province’s total insured flood loss for the summer to more than C$1bn

Canada Property

Verisk pegs Helene's insured loss at $6bn to $11bn

Catastrophe modeller's loss estimate is in line with recent estimates from Moody's RMS and CoreLogic

United States Property

Worst-case loss fears recede as Milton forecast to track south of Tampa

But a $20bn-plus loss-event remains possible as ‘catastrophic’ hurricane bears down on Florida as category four storm

United States Property

Florida’s Citizens cleared to shed up to 310,000 policies in December

State’s last resort insurer to face major test this week from Hurricane Milton

United States Property

Amwins launches flood programme for Californian municipalities

US wholesaler partners with insurtech Floodbase on programme to address uninsured losses stemming from atmospheric river flooding

United States Property

Fears of $50bn-plus loss event as Milton barrels towards Florida

A landfall just north of Tampa Bay would be the industry’s worst-case scenario, leading to very significant losses that would hit reinsurers as well as primary carriers

United States Hurricane Season

Power market shifts as pricing becomes competitive: WTW

Pricing is expected to become more competitive with the absence of major losses in 2023 and 2024, broker says

Willis Towers Watson Broker

Moody's RMS pegs Helene losses at $8bn to $14bn

Losses to the National Flood Insurance Program could exceed $2bn, modelling firm says

United States Property

BHSI opens office in Hamburg

Commercial insurer strengthens presence in Dach region

Europe Berkshire Hathaway

Uncle Sam mutual: Washington examines entry into property insurance markets

A number of Democrats have proposed federal property re/insurance programmes, although the insurance industry is opposed

United States Property

Florida braces again for major hurricane Milton

Insured loss estimates raised for Hurricane Helene in wake of catastrophic damage

United States Property
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