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Insurance

California reforms moving too slowly

Building in high-risk areas and California’s failure to allow sustainable insurance rates are exacerbating climate-related risks, an APCIA panel agreed. 7 November 2023

Insurance

Move to be proactive on wildfire risk: APCIA panel

The management of wildfire risk must be a society-wide effort with the emphasis being on proactive, not reactive. 7 November 2023

Insurance

Educating Florida insurers on flood: National Flood Services

Offering flood insurance under the National Flood Insurance Program can be a win-win for insurers—but not enough are doing it. 7 November 2023

Insurance

Swiss Re is committed to developing a private flood market

Flood models have improved dramatically but a challenge is around educating insurers that this risk is insurable. 7 November 2023

Insurance

New RMS hurricane model allows for more user defined options

Version 23 includes updates to existing models for core perils and for climate change views. 7 November 2023

Insurance

Cedants eye scope to negotiate as $50bn in capacity returns

Prices and attachment points are likely to remain stable in 2024, but cedants are likely to look for relaxation on terms and conditions as more capacity comes into the market, says Guy Carpenter’s Randy Fuller. 7 November 2023

Insurance

Hiscox retains A+ rating despite recent losses

AM Best said it has a strong track record of earnings. 6 November 2023

Insurance

Markel hires AIG exec into digital role

It has appointed digital & portfolio executive. 6 November 2023

Insurance

Miller taps Lockton for new financial lines lead in Asia

The recruit has also worked for JLT, Willis and Price Forbes. 6 November 2023

Insurance

Rokstone bolsters marine team, eyes $100m goal

It has hired underwrites from Liberty and Starr Insurance. 6 November 2023