Texas, Federal Government at Odds Over Flood Relief Discrimination Suit August 29, 2022 The faded and weathered construction permits still taped to Houston resident Mal Moses’ front door are reminders of the difficulties...
Nearly 670K Property Insurance Claims in Texas from Hurricane Harvey: TDI February 13, 2018 Hurricane Harvey resulted in nearly 670,000 in combined personal and commercial property insurance claims to private insurers, the Texas Windstorm...
Alternative Capital Responds to 2017 Catastrophes with ‘Show of Strength’: Aon Benfield January 11, 2018 By L.S. Howard Hurricanes Harvey, Irma and Maria represented the first real test of the staying power of the alternative capital sector, which...
Swiss Re Says Global Insured Catastrophe Losses Will Hit $136B in 2017 December 20, 2017 Swiss Re AG estimates that global insured losses from catastrophes in 2017 will hit $136 billion, the third-highest on record...
U.S. Flood Program to Collect $1 Billion in Reinsurance for Hurricane Harvey Claims December 6, 2017 The Federal Emergency Management Agency (FEMA) is seeking to recover the full $1.042 billion of its reinsurance coverage to help...
Lloyd’s Pays Claims of $1.7B for Hurricanes Harvey, Irma & Maria – So Far November 29, 2017 The Lloyd’s market has paid claims worth US$1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier...
Reinsurance Sector’s Share of Hurricane, Quake Losses Is $20B-$25B: A.M. Best November 20, 2017 Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between...
Growing Climate Risks May Be ‘Impossible to Model’ – and Ultimately Uninsurable November 13, 2017 By Jessica Shankleman After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get...
Munich Re Reports Q3 Loss of $1.6B; Tallies Industry Hurricane Losses at $100B November 9, 2017 Insured losses from three big hurricanes in North America this year have cost the industry around $100 billion, German reinsurance...
Lancashire Reports Q3 Loss of $136.4M on High Natural Catastrophe Claims November 2, 2017 Lancashire Holdings Ltd reported a third-quarter pretax loss after what looks set to be the costliest quarter ever for insurers...