December 15, 2016
More than 10,000 people died as a result of natural and man-made disasters during 2016, with financial losses totaling at least $158 billion, Swiss Re said on Thursday. At an estimated $49 billion, insured losses rose by nearly a third …
October 18, 2016
A.M. Best does not anticipate a significant number of rating actions related to Hurricane Matthew, as most rated insurance carriers have sufficient capital and appropriate reinsurance programs in place to effectively absorb this event, according to a new briefing from …
October 14, 2016
It’s been nearly a week since Hurricane Matthew ravaged the Southeast coast but the insurance industry’s job of responding to the devastation and assessing the total cost of damage from the storm is just beginning. With flood waters still rising …
October 12, 2016
Maureen Miller was among the 2 million people ordered to evacuate coastal areas in the Southeast ahead of Hurricane Matthew. Her family and their dog spent two nights in a hotel and struggled through police roadblocks to return. When they …
October 7, 2016
Hurricane Matthew will pressure the earnings of some insurance underwriters in Florida and other southeast states but is not expected to present a major capital challenge, Fitch Ratings says. Fitch estimates that if the storm results in insured losses in …
October 7, 2016
About 600,000 Florida homes were without power on Friday due to Hurricane Matthew and more outages were likely, Governor Rick Scott told a news conference, as the storm moved near the state’s Atlantic coast on a northward track after killing …
October 7, 2016
Millions of people in the U.S. southeast were ordered to flee as Hurricane Matthew, set to become the strongest storm to hit the country since 2005, headed toward Florida’s East Coast after leaving hundreds dead in Haiti. The storm was …
October 6, 2016
Hurricane Matthew has thousands fleeing the U.S. Southeast where it’s expected to batter the coastline and threaten electricity supplies to more than 1 million people in Florida. Potential losses are seen as high as $15 billion. Matthew is pounding parts …