Hurricane Sally losses preliminarily estimated at $1.5bn to $3.9bn by AIR
According to our industry sources, a preliminary estimate of insurance and reinsurance market losses from hurricane Sally has been pegged,.. Read More
personal Insurance
ILS fund subrogation benefits from PG&E may take a year to flow
While Pacific Gas and Electricity (PG&E), the wildfire stricken Californian electrical utility, made its $11 billion of subrogation payments in,.. Read More
Nephila backed White Bear (Blenheim) raises
White Bear Capital, the holding company of Blenheim Underwriting and a Lloyd’s focused insurance and reinsurance underwriting operation that counts,.. Read More
Can an Insured Submit a Supplemental Flood Proof of Loss If the Insurer Has Already Paid the Initial Proof of Loss? | Property Insurance Coverage Law Blog | Merlin Law Group
The National Flood Insurance Program (“NFIP”) permits an insured to file a supplemental Proof of Loss that adds or changes,.. Read More
Hurricane Sally industry loss said in the low billions, ILS impact said slight
Hurricane Sally’s late intensification before landfall yesterday is expected to mean that overall private insurance and reinsurance market losses from,.. Read More
U.S. wildfire industry losses estimated at $5bn to $8bn by Moody's
Western U.S. wildfires so far this year have damaged or destroyed around 9,657 residential and commercial structures, while burning more,.. Read More
If COVID-19 uncertainty traps retro, upward rate pressure will continue: Rede, Swiss Re
Should uncertainty over eventual losses caused by the COVID-19 pandemic result in the trapping of significant amounts of retro capital,.. Read More
Blackstone puts weight behind Ki, as Brit's algorithmic syndicate raises $500m
Private equity investment giant Blackstone has thrown its weight behind Brit’s algorithmic, follow-form Lloyd’s syndicate Ki, investing alongside Brit parent,.. Read More
Insured cat losses hit $54bn, COVID evident in loss development: Aon
Global insured losses from catastrophe events and severe weather have already reached $54 billion in 2020 and the effects of,.. Read More
Equity capital won't temper rates: Leadenhall CEO Albertini
The fact that it is primarily private equity capital looking to replenish the reinsurance industry’s coffers is unlikely to dampen,.. Read More
DOL Revises FFCRA Regulations in Response to Court Decision | Scott Insurance
The U.S. Department of Labor (DOL) has issued revisions to regulations that implement the paid sick leave and expanded family,.. Read More
