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The hurricane is expected to track north-northwest and make landfall later tonight. -
Buyers and sellers are eyeing a 20% RoL, but contracts have yet to trade.
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The number of structures destroyed is closing in on levels recorded from some 2017-2018 fires.
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Forecasters predict landfall around 100 miles to the east of Houston.
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The Category 3 storm is set to move further away from the west coast of the country, which has been downgraded to yellow alert.
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Residential property with a reconstruction value of almost $90bn is at risk of storm surge, says CoreLogic.
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Shipping is currently heading away from the port of Houston for safer waters, according to live vessel location information.
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The storm is due to impact the west coast on Thursday after hitting southern island Jeju today.
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Sources estimated combined property and crop claims could reach $4bn up to $10bn.
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The blaze in northern California has so far burnt more than 350,000 acres and is 22% contained.
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The executive joins from Universal, where he was president of the Floridian’s American Platinum division.
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Nearly 1,000 insurance disputes over pandemic coverage were filed by the end of July, according to data highlighted by sister title Inside P&C.
