Florida's state-backed carrier Citizens has planned for an 8 percent rise in its private risk-transfer costs in 2018, following this year's global catastrophe losses.
California's biggest wildfire, named Thomas, is now 30 percent contained after growing to 238,500 acres in size, the California Department of Forestry and Fire Protection announced last night
Florida carrier United Insurance Holdings (UPC Insurance) said its $150mn public debt offering which closed yesterday would enable the company to participate in future opportunities