January 31, 2017
A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in London showed. However, …
October 26, 2016
Donald Trump says he received a $17 million insurance payment in 2005 for hurricane damage to Mar-a-Lago, his private club in Palm Beach. But The Associated Press has found little evidence of such large-scale damage. Two years after a series …
October 29, 2015
It has been 10 years since a major hurricane hit the U.S., and as the Atlantic season staggers into its last month, every day that passes seems certain to extend that record streak. Wilma was the last major system, striking …
September 3, 2015
The reinsurance market is operating in a new reality of abundant capacity from traditional and alternative sources, low interest rates and thinner reinsurance margins, driven by intense competition against shrinking demand for reinsurance cover, according to A.M. Best’s annual special …