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Most of the losses are attributable to a supercell storm in Texas. -
The Floridian also secured $352mn of multi-year coverage extending to 2027.
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The collective CoR of 45 Floridians hit 93.1% in 2024
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Starr and Axon also are among those on the Marsh USA-placed $40mn line.
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Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
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Burford’s CEO said Chubb is inappropriately using its corporate power.
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Politically related exposures are growing for the marine market.
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TSR previously predicted activity slightly below the 1995-2024 average.
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A historic cat loss year remains a possibility as storm losses accumulate.
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SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.
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The agency forecasts up to five major hurricanes and 19 named storms.
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Kirsh was involved in launching an industrywide “legal system abuse coalition”, which now has 350 participants.
