For state Rep. Lyle Larson, Hurricane Harvey was not only a tragedy but also a wasted opportunity. The San Antonio Republican, who chairs the House Natural Resources Committee, estimates that the amount of rain the storm dropped on the state …
Zurich Insurance Group estimates that Hurricanes Harvey, Irma and Maria will aggregate claims in the third quarter of approximately US$700 million, net of reinsurance and before tax. After tax, the losses are expected to be around US$620 million, the company …
Argo Group International Holdings Ltd. and Aspen Insurance Holdings Ltd. have issued their third quarter catastrophe loss estimates, primarily related to Hurricanes Harvey, Irma and Maria as well as the earthquakes in Mexico City. Argo, the Bermuda-based specialty insurance and …
Weathering a storm like Hurricanes Harvey, Irma or Maria requires planning, insurance and grit. In a span of 30 days the devastation from multiple hurricanes impacted millions of American families and businesses. When Harvey was offshore and still setting its …
After suspending most enforcement actions in Texas and Louisiana following Hurricane Harvey, the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) on Oct. 10 resumed normal enforcement throughout Texas and Louisiana. Following Hurricane Harvey, OSHA provided compliance assistance …
Catastrophe losses from the recent U.S. hurricanes and Mexican earthquakes will lead to price rises on London market insurers’ loss-affected lines and could also affect wider market pricing trends, according to Fitch Ratings in a new report. The total industry …
The development of a state-wide flood plan by the Texas Water Development Board (TWDB) would reduce operational risk to both water and sewer utilities, according to Fitch Ratings. If developed, the plan would be the first in Texas history. A …
Cincinnati Financial Corp. has announced that the Cincinnati Insurance Companies’ property/casualty group expects its third-quarter results to include pretax catastrophe losses of approximately $102 million to $114 million. The company said the impact on the third-quarter 2017 combined ratio would …
The third quarter natural catastrophe loss estimates continue to rise, as more insurers and reinsurers weigh in with their loss totals from Hurricanes Harvey, Irma and Maria, and the Mexico earthquakes. The latest companies to provide estimates include: AXIS Capital …
S&P Global Ratings has revised its outlook on the Society of Lloyd’s to negative from stable, while reaffirming the market’s ‘A+’ insurer financial strength and long-term counterparty credit ratings on Lloyd’s. With estimated net losses of £3.3 billion ($4.4 billion) …
