“Atmospheric rivers” — or large bands of moisture that occasionally stream into California — helped create conditions for recent wildfires that caused nearly $10 billion in insured losses and researchers expect the
The commercial real estate market may be underestimating the risk of the California market when it comes to earthquake losses, according to a new repor [https://www.businesswire.com/news/
Estimates of the probable maximum loss from private market space launches are often wrong and put U.S.taxpayers on the hook for billions in excess risk, according to new
The recent push to increase private insurance and reinsurance market participation into the National Flood Insurance Program (NFIP) may come down to one question: Who pays for billions in annual
Fairfax Financial Holdings Chairman Prem Watsa described the reinsurance market Dickensian terms in his annual letter to shareholders last week, but arguing that Fairfax is well placed to rebound. “2016
Oregon leaders are pushing through legislation that could ultimately create a statewide earthquake insurance and reinsurance pool similar in response to the increasing risk of a catastrophic tremblor from the
The resignation of AIG CEO Peter Hancock may also mean an end to the insurance and reinsurance giant’s much publicised approach to risk that relies on data science over
The promise of hedge fund backed reinsurance companies is facing the reality of abysmal market conditions, as Daniel Loeb’s Third Point fund is discovering. A problematic Florida homeowners market,
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
Catastrophe modeler Risk Management Solutions (RMS) plans to launch its new tool tied to the RMS(one) platform this spring as revenue for its existing products continues to grow as
Travelers’ CEO brushed off AIG’s recent deal with Warren Buffett’s Berkshire Hathaway as commonplace and a potential tax on foreign reinsurance companies as inconsequential during an analyst conference
Coastal communities, especially those located in the Gulf states, would see significant insurance rate increases if lawmakers pass legislation taxing foreign reinsurance holdings, according to a new report. The tax
