Texas Windstorm Pool Looks for an Overhaul
The Texas insurance pool targeted at hurricane events is looking to restructure, with possible outcomes including allowing state carriers to
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U.S. Reinsurance Prices Jump at January Renwals
Frequent but strong storms — along with model changes — left “the United States just as exposed to the shifting market” although
Mississippi Ranks Last in Hurricane Building Code Adoption
Mississippi has “virtually no regulatory process” for building code enforcement and places last in a new ranking of 18 hurricane-
Third Point Re Scores A- from A.M. Best
Newly formed property/casualty insurer Third Point Reinsurance was assigned a financial and credit strength rating of A- (Excellent) by
Storm Clusters Will Bring Difficult Winter for Europe: RMS
Last week’s Windstorm Andrea may part of a larger phenomenon that could lead difficult year for European insurers as
PERILS Takes on Flooding
European catastrophe data aggregator PERILS AG will begin to collect loss data from UK inland flooding, expanding its mandate beyond
Investors Question “Tornado Bond” Payout
The complete loss of the first U.S. tornado catastrophe bond less than a year after its launch is raising
Risk Transfer, Insurers Failing in Climate Change: UN
Risk transfer mechanisms, including reinsurance and microinsurance, are not increasing the worlds “resilience” to climate change, according to a report
Allstate, State Farm Renew Push for Federal Cat Reinsurance Program
ProtectingAmerica.org [http://www.protectingamerica.org/] has begun lobbying Congress yet again in its half-decade long push for a
NZ Quake Commission Faces NZD7 Billion Payout, Reinsurance Terms Cut
The New Zealand Earthquake Commission (EQC) faces approximately NZD7 billion ($5.5 billion) in liabilities following the Christchurch earthquakes and
Regulators to Target Reinsurance Catastrophe Concentration
International insurance regulators will study the reinsurance industry’s catastrophe cycles to determine if those risks pose a “systemic risk.
Australia Commission Pushes Flood Reinsurance Pool
A national “reinsurance pool” is needed to cover Australian residents that continue to reel from floods over the past year
