Florida Citizens CEO Gilway puts hurricane Ian best-estimate at $40bn
Barry Gilway, the CEO of Florida’s property insurer of last resort Citizens Property Insurance Corporation, told analysts at KBW that,.. Read More
personal Insurance
Australia COVID BI test case result can release some trapped ILS capital
The second test case in the High Court of Australia regarding the interpretation of policy wordings in business interruption policies,.. Read More
Quantified uncertainty can be valuable, but with Ian the details matter: Aeolus Dailey
When it came to analysing hurricane Ian’s approach and potential landfall impacts, the uncertainty in modelled outputs on the storm,.. Read More
Demotech rated carriers may contain Ian loss within reinsurance towers: Petrelli
Based on the information available at this time, an analysis of Florida insurance carriers rated by Demotech suggests that they,.. Read More
Hurricane Ian - no matter the number, cedents will trap as if its $70bn: Millette
During a panel discussion at the ILS Bermuda Convergence 2022 event yesterday, Michael Millette told the audience that while the,.. Read More
Citizens Promises to Pay Slabbed ClaimsWill Other Insurers Agree to Do the Same? | Merlin Law Group
Slabbed claims are Hurricane losses where the only thing left is the foundation slab. We started calling these claims “slabbed,.. Read More
Ian a "trial by fire" for Florida reforms. But is it Irma 2.0? - Convergence
Hurricane Ian will prove to be a “trial by fire” for the legislative reforms enacted in Florida to improve the,.. Read More
Progressive expects $1.2bn property reinsurance recovery after Ian
The Progressive Corporation has reported an expectation of recovering around $1.2 billion from its property reinsurance arrangements, to help it,.. Read More
Heritage projects hurricane Ian gross loss under $960m
Florida headquartered, nationally expansive U.S. property casualty insurer, Heritage Insurance Holdings, Inc., has said that it expects its hurricane Ian,.. Read More
Coalition launches $300m Ferian Re to provide third-party cyber risk capital
Coalition, a leading technology-focused cyber insurance company, has announced the launch of a Class 3B Bermuda based reinsurance company called,.. Read More
Halloween Safety Tips: Nightmare on Claims Street.
BOO! We all love a little scare during the spooky Halloween season. But often, insurance claims can be more nightmarish,.. Read More
NFIP's reinsurance tower coming into view as Ian flood claims surpass 35,000
The National Flood Insurance Program’s (NFIP) reinsurance tower is coming into view of the rising hurricane Ian claims burden, as,.. Read More
