Claims and losses

The NOAA has warned of blizzards, flash-freezing, dangerous wind chill and sub-zero temperatures.

The deal has secured $100mn of limit for insurer American Family, rather than pushing out to a $125mn top-end target.

The outcome over the debate on narrowing cat reinsurance coverage will not be an all-or-nothing bet, with all perils deals with exclusions not a polar opposite of named perils coverage.

The update to the October figure implies the ultimate number will comfortably breach the $50bn mark.

The updated loss and allocated loss adjustment expenses in the property segment from the hurricane is now $1bn.

A 6.4 magnitude earthquake started out near the coast at 05:30 ET.

Senate Bill 2A addresses key concerns in the Florida property market, including one-way attorney fees and assignment of benefits, the ratings agency said.

The update is a slight increase to November’s 114bn yen estimate.

On Tuesday, the bill passed in the State Senate 27-13, and today's passage in the House represented an 84-33 party line split.

Florida has been seeking legislative reform amid a breakdown of the functionality of its insurance market.

The bill under discussion tackles key concerns like eliminating one-way attorney fees and getting rid of the state’s controversial assignment of benefits right.

As Trading Risk welcomed ILS market leaders to its Monte Carlo roundtable, there were already headwinds challenging the asset class even before the late September landfall of Hurricane Ian in Florida.