Hurricane

Coastal dwellers in Florida would be hardest hit by the increase, with rates on the seafront rising by an average of 9.5 percent.

The governments of both countries have bought coverage for 2018-2019.

Insureds filed nearly 1 million claims, though 32 percent of commercial property claims and 8.5 percent of residential claims remain unresolved.

The debut cat bond from Florida carrier First Protective is set to close at $350mn.

Tropical Storm Risk (TSR) said there was a high chance that 2018 hurricane activity would fall within the lowest one-third of years since 1950.

Hurricane season is now open, but I’d argue that the persistent headwinds facing the reinsurance industry are far more challenging than anything the Atlantic may send its way this summer.

Hurricane Irma led to a sharp increase in lawsuits against Florida insurers in Q1 2018 compared with the same period last year, according to the Sun Sentinel.

The carrier’s Florida subsidiary Homeowners’ Choice will have cover for up to $888mn of catastrophe losses from a single event.

Unlike last month, where 13 funds reported negative results, April’s results were driven by a handful of funds.

Colorado State University scientists have decreased their forecast for the upcoming hurricane season.

The Florida insurer decreased the share of its growing premium base being ceded to reinsurers.

The Bank’s insurance analysts warn that the 2017 season is probably not an outlier.