No Catastrophe Expansion “At Any Price”: Axis Capital’s Benchimol
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FEMA Details Disaster “Deductible” Plan for States, Insurers See an Opportunity
The proposal to create “public assistance deductible” for federal disaster aid is moving ahead with an the average state paying $22 million in upfront costs before relief is issued, according
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More Billion Dollar Catastrophe Losses Are the New Normal
Weather-related catastrophe events that top the billion dollar insured loss threshold have become more frequent and will pressure insurance and reinsurance executives to adapt as they hit balance sheets
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U.S. Homeowners ROE Improving But Florida Falls Behind
The after-tax return-on-equity (ROE) for U.S. homeowners insurance business jumped in 2015 helped by imploding reinsurance prices and catastrophe experience that pushed back loss ratios, according
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Catastrophe Reinsurance “Permanently” Hobbled, Third Point Re Focuses Elsewhere
The catastrophe reinsurance market is not worth the cost of admission but there are opportunities elsewhere, according to executives at Daniel Loeb’s Third Point Reinsurance Ltd. “In our view,
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Pacific Catastrophe Reinsurance Pool Mulls New “Tools” After Country Drops Out
The Pacific Island catastrophe risk pool managed by the World Bank is working with private sector insurers to develop new programs following the departure of one of the founding country
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What Travelers Earnings Says About the U.S. Catastrophe Market
Changes in the catastrophe reinsurance program for the second largest U.S. commercial carrier reveals two important factors about the current market: reinsurers are on the ropes in terms of
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Lawmaker Offers New York Coastal Catastrophe Fund Proposal
A senior New York lawmaker is proposing to expand the state’s residual market to cover more coastal risks with the goal of enticing the private market and mimic catastrophe
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Texas Courts Carriers as TWIA Readies to Drain Hurricane Pool
The Texas Windstorm Insurance Association (TWIA) has held informal discussions with several carriers — including United Property & Casualty Insurance Company (UPC), Weston Insurance Company, Lighthouse Property Insurance Company and State
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