Reinsurance
FEMA Plans Reinsurance Claim to Recover $1B-Plus in Hurricane Harvey-Related Losses
The Federal Emergency Management Agency said it plans to submit a claim to recover $1.042 billion in reinsurance coverage under its 2017 Reinsurance Program. FEMA also is working to nail down a new ...
Trump Administration Disbands Cross-Agency Group Focused on Climate Change Prep
The Trump administration has terminated a cross-agency group created to help local officials protect their residents against extreme weather and natural disasters. The Community Resilience Panel for ...
Irish Border Complicates Brexit Deal Chances
Theresa May came closer than ever on Monday to the Brexit deal she's been working on for months. A last-minute upset over the Irish border left all parties embarrassed and doesn't bode well for a ...
Former NAIC Leader Huff to Take Over Association of Bermuda Insurers and Reinsurers
An ex-chief insurance regulator for Missouri will take over the Association of Bermuda Insurers and Reinsurers starting in January 2018. John Huff, the immediate past president of the National ...
Congress Skeptical About Trump’s $12B Plan to Reduce Future Flood Damage
The Trump administration's proposed $12 billion initiative to reduce future flood damage met with skepticism in Congress, as lawmakers warned against diverting emergency funding away from hurricane ...
Brexit Talks Could Be Damaged by Issues Over European Court of Justice
Brexit talks risk being torpedoed by the taboo issue of the European Court of Justice, a senior British official said, as Theresa May heads to Brussels on Monday with the best offer her party will ...
Brexit May Adversely Effect Legions of Insurance Liabilities, Bank Contracts Without Fix
As far as Brexit headaches go, Barclays Plc's John McFarlane says that while his bank is on top of job relocations, he's more concerned about rewriting "hundreds of thousands" of contracts. He's not ...
Coastal U.S. Cities Must Address Climate Risks or Face Downgrades: Moody’s
Coastal communities from Maine to California have been put on notice from one of the top credit rating agencies: Start preparing for climate change or risk losing access to cheap credit. In a report ...