-
The carriers with the largest Louisiana market shares also ceded more than $100mn to Lloyd’s syndicates during 2020. -
Casinos and ski resorts have shut down, and hotels are housing firefighters in usually buzzing holiday destinations near South Lake Tahoe, California.
-
The storm has moved north across the US after making landfall in Louisiana at the weekend.
-
The energy market is being watched closely due to its potential to produce large risk losses.
-
The company predicts that total insured and uninsured losses from the storm overall will amount to between $27bn and $40bn.
-
The company said claims adjusting fees from the event would offset the hit to its retention.
-
The area of Laplace was the worst impacted on ICEYE’s list, with a total of 10,390 structures affected, 370 of which were in a high depth of water.
-
The agency said its rated insurers were well positioned to absorb significant catastrophe losses, as they had generally experienced capital expansion over the previous 12 months.
-
Overall the cat bond market will be lightly impacted by the storm, with the Swiss Re total return index down 0.35%.
-
The ratings agency said that a surge in demand could add to the costs of rebuilding.
-
The Caldor Fire, which is 18% contained, has been active for 17 days and in that time destroyed 675 structures and damaged 40.
-
The estimate includes damage to residential, commercial and industrial property and vehicles.
