Despite premiums, policy counts and insured limits continuing to drop, the South Carolina Wind and Hail Underwriting Association (SCWHUA) will continue its almost decade long coastal property expansion, according to
In one of the first actions of the new year, Hawaiian lawmakers have proposed creating a parametric risk transfer facility that would move the state’s residual hurricane risk into
Billions in new capital dedicated to Florida hurricane risk withstood its first real test during 2016 storm season, but startup insurers created as a result of the state’s “take
The Congressional Budget Office (CBO) released a report this week [https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/51518-Hurricane-Damage.pdf] saying models it ran
Forecasts calling 2015 possibly one of the least active hurricane seasons of the 20th century may eventually lead to a call that the North Atlantic has entered a “inactive era,
The commission responsible for overseeing Florida’s catastrophe pool has rejected a proposal to push the yield envelope on its $17 billion in assets at a Monday meeting. “There is
Hurricane modelers and forecasters face an 11 month “satellite gap” that could compromise their work if plans to replace an aging orbiters continue to lag behind, according to a U.
The ongoing depopulation of Citizens Property Insurance Corporation continued Tuesday with the approval by Florida’s insurance regulator to “takeout” over 79,000 residential and commercial property insurance policies. The
Louisiana’s property insurer of last resort will repeat its 2014/2015 reinsurance program with some tweaks, including replacing its maturing Pelican Ltd. catastrophe bond. “We have two things in
Citing significant costs and limited upside, a panel charged with exploring a homegrown windstorm model for the Palmetto State said it should not be developed. “The benefits of a South
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
