wind insurance News

Catastrophe Insurer Palomar Announces IPO Pricing, Shares Rise 1st Day of Trading

La Jolla, Calif.-based Palomar Holdings Inc. this week announced the pricing of its initial public offering of its common stock at a price of $15 per share and in its first day of trading on Wednesday it had at one …

CoreLogic Report: ‘Windy City’ Not the Windiest City

Jackson, Miss., is the windiest city in America, according to catastrophe modeling firm CoreLogic’s just released rankings of the windiest cities in the country. The CoreLogic Windy City Ranking report, which provides a national ranking of the nation’s windiest cities, …

Ramsey Joins Catalytic, Builds Wind Underwriting Team, Capacity

Specialist property catastrophe underwriting manager, Catalytic Holdings has hired industry veteran Sam Ramsey to lead its newly-formed wind underwriting business. Ramsey joins Catalytic from All-Risks Ltd. where he headed the broker’s Lloyd’s of London underwriting facilities business. Before that, he …

ISO Enhances Wind Rating Program for Underwriting, Pricing Wind Exposure

ISO has launched its Enhanced Wind Rating Program, a commercial property rating program designed specifically to address the wind peril. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics. The Enhanced Wind Rating Program provides a …

58% Wind Rate Boost by Louisiana’s Last Resort Insurer

Louisiana Citizens Property Insurance Corp. plans an average rate increase for wind-only policies of 58 percent, sparking an argument among top state officials on whether the increase is legal. The Advocate reports that the large increase follows a May 23 …

States Hit Hardest by Recent Tornadoes Among Least Insured

Many of the states hammered by what’s already the deadliest year for tornadoes in more than half a century have among the nation’s highest rates of homes without hazard insurance despite being among the most twister-prone, data analyzed by The …

Alabama Insurance Pool Grows As Private Market Shrinks

More Alabama homeowners are seeking their insurance coverage through the state’s windpool as the trend of private insurers shedding their wind policies continues. The Alabama Insurance Underwriting Association, known as the windpool, grew by a third between February 2010 and …