Reinsurance
NFIP Head: $11B in Payouts Likely for Hurricane Harvey Insured Homeowners
The head of the National Flood Insurance Program said Wednesday early estimates show Hurricane Harvey will result in about $11 billion in payouts to insured homeowners, mostly in southeast Texas. ...
Harvey, Irma Will Create Short-Term Hardened Property Market; Early Capital Concerns Minimal
Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term, according to a new KPMG survey. In related news, a new Morgan ...
Hurricane Jose Appears Headed for U.S. as Maria Strengthens
Hurricane Jose churned toward the U.S. Northeast and could cause swells along the coast by midweek, according to the National Hurricane Center, while Tropical Storm Maria is expected to become a ...
UK Business Leaders Want May to Seek Three-Year Brexit Transition
British business leaders urged Prime Minister Theresa May to seek a three-year transitional period after Brexit, warning failure to secure more time would jeopardize "our collective prosperity." In a ...
Hurricane Irma Destroyed 25 Percent of Homes in the Florida Keys, FEMA Says
Search-and-rescue teams made their way into the Florida Keys' farthest reaches Tuesday, while crews labored to repair the single washed-out highway connecting the islands and rush aid to Hurricane ...
Munich Re Warns Harvey, Irma Storms Could Erase Q3 Profit, Challenge 2017 Target
Munich Re, the world's largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the company's ability to meet its full-year earnings ...
Harvey ‘A Different Storm’ Allstate CEO Says; No Worries About Re Exhaustion
Structural damage from Hurricane Harvey appears lighter than other storms, the chief executive officer of Allstate reported at an investor conference this week, comparing his birds-eye view from a ...
Travelers’ Hurricane Harvey Pretax Losses Could Reach $750M
The Travelers Companies said it will deal with as much as $750 million in pretax catastrophe losses stemming from Hurricane Harvey. It's still early yet, so Travelers disclosed an estimate with a ...