U.S. Flood Insurance Unsustainable: Swiss Re
While the National Flood Insurance Program (NFIP) being inundated with thousands of new claims following Hurricane Irene’s storm surge,
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Quake Hazard Map “Failure” Leading to Poor Modeling: Study
Earthquake hazard maps that underlie catastrophe modelers’ insured loss estimates are poorly constructed and are leading to significant predictive failures,
Democrat, GOP Platform Catastrophe Focus Limited to Crop Cover
The U.S. Democratic party mentions “insurance” twenty times in the platform issued Sunday evening, but any focus on catastrophe
Isaac Bouncing Off Private Market and Cat Bonds, Landing on NFIP
The majority of damage following Hurricane Isaac seems to be focusing squarely on losses following flood , not wind, thus moving
CEA New Wants $100M Reinsurance Contract to Act Like a Cat Bond
Apparently the California Earthquake Authority (CEA) likes catastrophe bonds so much that it’s pushing its traditional reinsurance program to
Catastrophe Bonds Remain “Niche” Unless New Perils Emerge, Costs Fall
The catastrophe bond market will be able to sustain up to $8 billion in annual volume, but it will find
Italy at Most Risk of Quake, but Least Prepared to Pay for It
The Italian government has lost its ability to act at the “insurer of last resort” for earthquake coverage under the
Crop Insurance Grows All Weather Profits Despite Drought
Despite the warnings that multi-peril crop insurers may face its largest loss in several decades, it’s unlikely carriers
Joplin Tornado Sparks New Reinsurance Requirement
The near failure of several Missouri insurers following the May 2011 Joplin tornado has prompted state regulators to require local
Catastrophe Modelers Historic Loss Estimates Flawed: Clark
Modern day coastal development is making U.S. hurricanes more potent, but catastrophe modeling firms may be applying “incomplete” historic
Assured Delays Life Fund Audit
Life settlement vehicle Assured Fund said that it’s delaying the audit of its 2011 financial statements in order to
Investors Juggle Axis, Flagstone and XL Stakes in Second Quarter
Reinsurers Endurance Speciality, Axis Capital and XL Group saw big swings in sentiment in the period ending June 30 as
