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
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
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
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
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
Amwins launches flood programme for Californian municipalities
US wholesaler partners with insurtech Floodbase on programme to address uninsured losses stemming from atmospheric river flooding
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
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
Moody's RMS pegs Helene losses at $8bn to $14bn
Losses to the National Flood Insurance Program could exceed $2bn, modelling firm says
BHSI opens office in Hamburg
Commercial insurer strengthens presence in Dach region
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
Florida braces again for major hurricane Milton
Insured loss estimates raised for Hurricane Helene in wake of catastrophic damage
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