Reinsurance
Hurricane Harvey Flood Insured Losses in Texas Could Rival Katrina’s
Flood damage in Texas from Hurricane Harvey may equal that from 2005's Hurricane Katrina, the costliest natural disaster in U.S. history, said an insurance research group on Sunday. As heavy rain ...
Harvey Aftermath: Half of Residential/Commercial Properties in Houston Likely Lack Flood Insurance
In the wake of Hurricane Harvey and its aftermath along the Texas coast, one ominous reality has emerged: just over 50 percent of residential and commercial properties in metro Houston likely lack ...
Insurers Slammed by S&P 500 Declines as Investors Weigh Harvey’s Costs
Insurance stocks were among the biggest decliners in the S&P 500 Index as investors weighed the impact of home and auto damages tied to Hurricane Harvey, which hit Texas as a Category 4 storm ...
GEICO, Farmers, Travelers and More Rally Adjusters for Harvey Cat Losses
Teams of insurance adjusters from GEICO, Farmers, Travelers, USAA and State Farm mobilized in Texas on Aug. 25 even before Hurricane Harvey slammed into the Texas coast late that evening. The ...
Harvey’s Impact on Insured and Uninsured Alike Soars in Growing Economic Catastrophe
Hurricane Harvey's second act across southern Texas is turning into an economic catastrophe -- with damages likely to stretch into tens of billions of dollars and an unusually large share of victims ...
Hurricane Harvey Isn’t Going Away as Rain, Flooding Linger: RMS
Hurricane Harvey is now a slow-moving tropical storm in coastal Texas. Beyond the initial storm damage itself, the historic flooding it is leaving behind will lead to equally significant economic and ...
Looking Back: How the Top 25 P/C Insurers Changed in the 25 Years Since Andrew
Twenty-five years ago in August, Hurricane Andrew shook up the property/casualty insurance and reinsurance markets, analysts from Assured Research noted in two recent research reports recognizing the ...
AXIS Sweetens Bid for Lloyd’s Specialty Carrier Novae, Now Offering $611.5M
AXIS Capital Holdings Ltd. has substantially sweetened its offer for Novae Group plc, a Lloyd's of London specialty insurer and reinsurer. AXIS, a Bermuda-based specialty insurer and reinsurer, said ...