US Southeast/Gulf
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Many commercial risks will have London coverage, but insured values are relatively low. -
Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
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The state’s AG said the case threatens continued offshore oil and gas operations.
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The insurer of last resort currently has $2.15bn of cat bond protection on risk.
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New home sales could be impacted by a prolonged stalemate.
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Proceeds will be used to pay off debt maturing at the end of the year and to support new market growth.
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The tropical cyclone is expected to be named Imelda.
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The company is estimating its IPO price at $18-$20 per share.
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Sources said the agency first considered a debt raise but recently pivoted to a sale process.
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Models anticipate a busier second half, particularly in the next few weeks.
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The company generated $71.4mn in revenue for H1 2025.
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The bi-partisan legislation would make FEMA a cabinet-level agency.
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The PE-backed MGA has Morgan Stanley, Bank of America and JPMorgan advising.
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Arkansas-based RVU provides commercial P&C and some specialty programs.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
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California posted a 47% jump YoY, from a 28.4% rise in June.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
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Court documents show Travelers subsidiary Northfield Insurance is the insurer.
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The executive had been Stone Point’s representative on Higginbotham’s board.
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State legislation has led to major strides in rate adequacy.
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Category 4 and 5 storms could become more common and hit further north.
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Despite predicting fewer hurricanes, the numbers are still above average.
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Florida recorded premium growth in June after declines in May and April.
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The regulator said further measures could still be passed in this session.
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The legislature did pass Twia reforms, however.
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Most of the losses are attributable to a supercell storm in Texas.
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One measure could give regulators greater leeway to deny rate requests.
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TSR previously predicted activity slightly below the 1995-2024 average.
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The agency forecasts up to five major hurricanes and 19 named storms.
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Proceeds will expand the company’s reinsurance protection in Florida and South Carolina.
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The reforms limit liability for some small businesses in the state.
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Insurers haven’t announced concrete steps – yet.
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The law imposes limits on third-party litigation funding, among other changes.
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The insurer has lined up Piper Sandler and KBW to run the process.
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ShoreOne is offering an all-in-one policy that includes flood protection.
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The regulatory changes have been championed by Governor Brian Kemp.
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Shift to growth includes all geographies in which the company does business.
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Big tort reform packages are on the table, but California steals the show, for now.
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The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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The executive will oversee the group’s strategic financial direction.
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This is CRC’s first purchase since parent TIH sold retail broker McGriff to MMA.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
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The NHC is predicting storm surge, exacerbated by the tide, as high as 15ft for Tampa Bay.
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A hurricane warning has been issued for the east coast of Florida.
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Hurricane Milton strengthened from a tropical storm on Sunday to a Category 5 storm yesterday.
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Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
