Markets
The Latest Hurricane Helene Insured Loss Estimates: Totals Move Higher
Early estimates of Hurricane Helene U.S. private insurance market losses in the $5 billion to $10 billion range have moved up higher in recent days, with Moody's RMS offering the latest estimates of ...
Where Are the Private Insurers? Analyses Highlight U.S. Flood Gap
Two new analyses—one from a risk modeler estimating insured damages from Hurricane Helene, and the other from a rating agency about flood insurance penetration and profitability—highlight the ...
Nation’s Flood Insurance Program Is Making More Repeat Payouts
When Hurricane Helene barreled ashore last week, it caused devastating flooding across the southeastern U.S., including in the Shore Acres area of St. Petersburg, Fla. The neighborhood saw 6 feet of ...
Helene Damage Numbers Climb: AccuWeather Revises Total Damage Cost to $225B+
For the second time since Hurricane Helene made landfall, AccuWeather has increased its estimate of the total damage and economic loss from the storm. Now, the weather forecasting firm has put a ...
Lloyd’s Focuses on Delegated Authority Arrangements as Looming Market Risk
While the Lloyd's market reported its best first-half profit in 17 years, it isn't resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified. ...
Reinsurers Open for Business—Even U.S. Casualty, Execs Say
Although Monte Carlo convos about reinsurer appetites for U.S. casualty business prompted some flashbacks to the 1980s, reinsurance company executives who spoke after the Rendez-Vous de Septembre ...
Broker Exec Decodes Property Reinsurer Speak: ‘We Want to Grow’
When the president of Aon attended the Rendez-Vous de Septembre, he came away with a forecast hidden behind the words reinsurers were explicitly delivering. "Each of the reinsurers led every meeting ...
Rural Mutual, Badger Mutual Agree to Affiliate
Wisconsin-based mutual insurers, Rural Mutual Insurance Company and Badger Mutual Insurance Company, have announced an affiliation. The affiliation is subject to regulatory approval with an ...