Articles

Insurance

Texas’ TWIA hikes Hurricane Beryl cost estimate; has paid $259m to date

The Texas residual insurer now believes it will completely burn through CRTF reserves.   15 October 2024

Insurance

SCS losses escalate-but insurers can manage the risk: Holborn

Losses from severe convective storms hit some $42 billion globally in H1 2024.   8 October 2024

Insurance

Aon lifts long-serving talent to lead global insurance vertical

The appointee will boost capabilities across commercial risk, reinsurance and health.   11 October 2024

Insurance

KCC pegs Hurricane Milton insured losses at $36bn

Unlike Helene, Milton’s wind damage will lead to a higher proportion of losses.   15 October 2024

Insurance

Cyber risk is moving closer to P&C, especially on silent cyber

The intersection of cyber and P&C insurance is becoming significant, says Aon.   8 October 2024

Insurance

TWIA shot down on 10% rate hike request following Hurricane Beryl

TWIA last estimated rate inadequacy at 38% for residential policies and 45% for commercial policies.   15 October 2024

Insurance

Florida under state of emergency ahead of Cat 5 Hurricane Milton strike

Insurers must prepare for the prospect of ‘significant damage’ from Milton.   9 October 2024

Insurance

Top leadership change at Arch as Grandisson to exit

Grandisson to retire from the business after over two decades.   14 October 2024

Insurance

Economic challenges, cyber threats top UK business concerns for 2025

Economic and financial risk worries have surged to a two-year high, according to Marsh.   10 October 2024

Insurance

Hurricane Milton hits over 150,000 Florida buildings: ICEYE

The figure is similar to, or even more than Hurricane Helene.   14 October 2024

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