-
The California Earthquake Authority has around 2,000 policyholders in the area hit by the 6.4-magnitude quake. -
Improvement in underwriting profitability in 2019 will be followed by “modest deterioration” over the next four years, according to a new report.
-
The Californian utility has agreed the settlement with 18 public entities following a series of wildfires from 2015 to 2018.
-
The reinsurer has secured $60mn of protection against named storms and earthquakes in the US from the capital markets.
-
Despite early hopes of sizeable rate rises, reinsurers are frustrated that many accounts will renew with as-before terms.
-
EVP of property Nadine Silva has retired from the AIG’s excess and surplus lines carrier.
-
The group will start by underwriting property, casualty, executive and professional lines.
-
Meredith Head will join the reinsurer in September after more than 10 years at TMR.
-
The ILS market faces a test to recover position as it loses market share to traditional players.
-
The tornado, rated an EF-4 and one mile wide, followed a spate of roughly 60 twisters that broke out across the Midwest.
-
It is hoped the Golden State will be able to have the policy in place from the start of next year, The Insurance Insider understands.
-
NOAA reports that 60 tornadoes may have struck eight midwestern states on Monday.
