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New Jersey Forest Service Says 510-Acre Wharton Wildfire Is 100% Contained
Apr 25 2024 // The New Jersey Forest Fire Service said it has reached 100% containment of a 510-acre wildfire in the area of Jackson Rd. in Wharton State Forest. The fire burned in both Waterford Twp, Camden County and Shamong Twp,...
Markets/Coverages: Ariel Re and Hiscox Re & ILS Launch Cyber Catastrophe Consortium
Apr 25 2024 // Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the launch of CyberShock, a cyber catastrophe consortium. The CyberShock consortium is designed...
SageSure and SURE Close $130 Million Gateway Re 2024-2 Catastrophe Bond
Apr 25 2024 // SageSure, a managing general underwriter focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“SURE”), a policyholder-owned reciprocal exchange, announced the close of the...
Catastrophe Monitoring Firm ICEYE Completes $93 Million Funding Round
Apr 24 2024 // ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round. The financing will further accelerate investment in...
Hawaii Lawmakers Take Aim at Vacation Rentals After Wildfire Amplifies Housing Crisis
Apr 24 2024 // Amy Chadwick spent years scrimping and saving as a single mother of two to buy a house in the town of Lahaina on the Hawaiian island of Maui. But after a devastating fire leveled Lahaina in August and reduced...
Risk Perception Drops After Hurricanes: Study
Apr 23 2024 // As time passes after hurricanes, new analysis by Stanford University researchers shows perception of personal risk, including the likelihood of injury and home damage, decline. The findings suggest that programs and...
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