Hurricanes
Capsicum's Chris Hardcastle on the capacity struggle facing MGAs
Managing general agents are popping up all over the place but capacity is coming under pressure. Chris Hardcastle, managing director of Capsicum Delegated Authority, asks if there is enough capacity to go round.
Hiscox estimates Harvey impact at $150m
Hiscox anticipates the impact Hurricane Harvey to produce net claims of $150m (£110.6m).
Harvey highlights insurance penetration shortfall says Aon Benfield
A significant proportion of the flood losses generated by Hurricane Harvey in Texas and Louisiana will be uninsured, highlighting the existence of a global protection gap, Aon Benfield has said.
Hurricane season highlights need to maintain adequate catastrophe loading, says Lloyd’s
The active hurricane season is a timely reminder for underwriters to maintain discipline and adequate catastrophe loading on rates, Lloyd’s Jon Hancock has said.
Harvey and Irma are not market turners, says Hancock
The financial fallout from hurricanes Harvey and Irma will not be enough to turn the market, according to Lloyd’s performance director Jon Hancock.
Beale calls for ‘urgent’ flood insurance reform
Hurricane Harvey and Irma both highlight the problem of inadequate flood insurance and need for reform in the United States, Inga Beale has said.
AIR pegs Irma insured losses at $20bn-$65bn
Hurricane Irma could result in insured losses of $20bn to $65bn, according to a preliminary estimate from AIR Worldwide.
Lloyd's report pegs Miami windstorm at $131bn as Irma heads for Florida
Hurricane Irma could see industry property losses of $131bn, according Lloyd's realistic disaster scenario analysis.
Hurricane Irma insured losses to be 'significantly' higher than anticipated
Insured losses as a result of Hurricane Irma will be "significantly" higher than originally expected.
Top 30 European Insurers 2017 Ranking: A mixed year for insurers
Market conditions for European insurers are extremely challenging, with companies facing a wide range of difficulties. Some have had to restructure their books of business because of poor results in the past, although their ability to turn around…
Property losses to exceed $65bn after Hurricane Harvey, says AIR Worldwide
The expected cost of total uninsured and insured property losses in the US from Hurricane Harvey is likely to be between $65bn (£50bn) and $75bn according to catastrophe modeling firm AIR Worldwide.
State of emergency in Florida as Hurricane Irma approaches
Florida governor Rick Scott has declared a state of emergency for every county in the state as powerful storm Hurricane Irma approaches.
Blog: Harvey, a CAT adjuster's testimony
Crawford and Company has deployed more than 200 adjusters in Southern Texas to assess the damage caused by Hurricane Harvey. One of them, James Warren, whose own home has been damaged, describes the streets as eerie as there is no power, no road signs,…
Harvey unlikely to drive ratings downgrades
Hurricane Harvey is unlikely to trigger ratings downgrades for property and casualty insurers and reinsurers, said Fitch Ratings.
Harvey could be most expensive natural disaster in US history, says AccuWeather
Hurricane Harvey could be the most expensive natural disaster in American history, costing the US economy $190bn, according to AccuWeather.
This week in Post: Thoughts with Texas
The world watched with horror last weekend as Hurricane Harvey made landfall, its high winds bringing devastation to Texas. It’s been downgraded to a tropical storm but the floods from its torrential rains continue to wreak havoc.
Economic losses from Harvey could top $90bn
Economic losses caused by wind, storm surge, and inland flooding from Hurricane Harvey could be as high as $90bn (£69.6bn), according to data from risk modelling firm RMS.
London Market insurers take fall after Harvey, no sign of ratings rise
Hurricane Harvey’s deluge of wind and rain across Houston and the Texas Gulf Coast hurt the shares of London Market property and casualty insurers on Tuesday as analysts peg insured losses as high as $20bn (£15.5bn).
The challenges of Cyclone Debbie
Cyclone Debbie was the costliest natural catastrophe to hit Australia for six years, while the scale of the event spurred innovation among insurers writes Nicky Burridge.
Reconstruction costs for Harvey could top $40bn
Reconstruction costs form property damaged by Hurricane Harvey could reach $39.6bn, according to Core Logic.
Harvey expected to be major hurricane as it approaches Texas landfall
Inland flooding, hurricane winds, and life-threatening storm surge poses a severe risk from Hurricane Harvey, according to catastrophe modelling firm AIR Worldwide.
Blog: If Hurricane Andrew II hit Miami today
If a hurricane the strength of Andrew tracked through Miami today, losses would likely exceed $200bn ($155bn), almost twice what the insurance industry is prepared for, warns Karen Clark, co-founder of Karen Clark & Company.
AIR estimates insured losses of $56bn if Hurricane Andrew were to strike again
AIR’s has estimated that if Hurricane Andrew were to recur today, the expected total industry insured losses would be approximately $56 billion (£43.48bn), based on today’s exposures.
Interview: John Nelson, Lloyd’s of London
It is the most prestigious chairmanship in UK insurance. But next month, John Nelson will step down after six years in the role of Lloyd’s chairman. He talks to Ryan Hewlett about steering the market through one of its most turbulent periods