The California Earthquake Authority (CEA) plans to sell $300 million in “pre-event” bonds to boost its claims paying ability in case of a major earthquake that includes a provision
New investor entrants in insurance-linked securities (ILS) will remain with the market even as the current interest rates rise threatens to pop the sector’s funding bubble, according to
Although weakening and losing its ability to deliver a dramatic punch, Tropical Storm Flossie may serve as a catalyst for Hawaii’s local government to find a replacement to its
Insurers and catastrophe bond managers will need to wait until after the long Memorial Day weekend before the all important initial loss estimate from Property Claims Service (PCS) is issued
Massachusetts’ residual insurance pool will once again attempt a rate increase for its 150,000 thousand policyholders and look to catastrophe modeler AIR Worldwide and broker Guy Carpenter to provide
Reinsurers showed “modest” top line growth on “modest” rate increases in 2012 as the industry rebounded from Superstorm Sandy losses, according a report issued by Fitch Ratings on Monday. Reported
Ready to take advantage of “opportunistic” reinsurance capital, Louisiana’s coastal windstorm pool plans a double-digit increase in its reinsurance spend and will test the waters for another catastrophe
Flooding caused by Ex-Tropical Cyclone Oswald is testing the Australian government’s revamped flood mapping and modeling efforts just as the country rebounds from bushfires that caused an estimated
Florida’s insurance market of last resort — Citizens Property Insurance Corp. — wants to reform itself by charging higher rates and increase the participation of private market reinsurers. A proposal made
The National Flood Insurance Program (NFIP) will run out of money next week — leaving ‘Write Your Own” carriers and policyholders in limbo — unless a planned spending bill is passed by
Last minute legislation passed by the U.S. Senate aimed at averting the so-called “fiscal cliff” includes over $500 million for a U.S. farm disaster program just as
Guidelines set up by the California Earthquake Authority (CEA) for its catastrophe bond program give broad authority to a newly created “Alternative Risk Transfer Advisory Subgroup” to expand its over
