-
California blazes including the Glass Fire have driven up the estimate considerably since September.
-
The revived bill seeks to limit legal fees to a “lodestar” method, based on hours spent on a case. -
Natural catastrophe losses were up 40% year-on-year to $76bn, 7% above the 10-year average.
-
The bond’s size remains at $150mn.
-
The ILS manager sees Florida primary and retro business producing more return than reinsurance.
-
The majority of losses occurred in the western Turkish city of Izmir and the rest of Izmir province.
-
Weather activity and adverse claims trends in Florida have impacted underwriting results, the ratings agency said.
-
Occurrence retro rates are among the segments where rate pressure is abating, although the outlook remains somewhat opaque in a late renewal.
-
This event brings total Australian hailstorm losses to over A$3.64bn in 2020, Perils said.
-
Aon’s Impact Forecasting put total insured losses across various events including Hurricane Eta at $1.2bn or more.
-
The state-backed carrier escaped lightly from hurricane losses but 500 Eta claims await payment.
-
Both storms had landed in the country as category 4 storms within a two-week period.
