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
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
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
Any alternative funding structure to the Terrorism Risk Insurance Act (TRIA) would create a significant challenge for insurance, reinsurance and government leaders in finding an acceptable alternative, according to a
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
Inland flooding created more billion dollar losses in 2016 than at any other period over the last 15 years, according to data released Monday by the NOAA’s National Centers
Captive and reinsurance industry representatives are pushing back on proposed changes to the Terrorism Risk Insurance Act (TRIA) over a myriad new data collection requirements that could force the industry
A series of seismic events in rural Nevada this week could have caused significant economic and insured losses if centered a short distance to a population center, argues a leading
Days after setting a privatization agenda for U.S. flood insurance program that piqued the interest of global insurers, U.S. Rep. Blaine Luetkemeyer (R-Mo.) passed legislation that looks
Story Updated Below Reinsurance intermediary Guy Carpenter has retained its long standing and lucrative business with the Texas Windstorm Insurance Association (TWIA), beating finalists Holborn and Willis. However, board members
Owners of Risk Management Solutions (RMS) argue that the millions poured into the development of its cloud-based modeling solution will eventually pay off, despite continued single digit revenue growth,
While catastrophe modeling may seem an objective science that relies on data to tell the story, more often than not politics plays a role on loss projections and sets the
