SafePoint Insurance Company has raised the target size for its latest catastrophe bond issuance, with now between $150 million and $200 million of reinsurance protection sought from capital market investors through the Nature Coast Re Ltd. (Series 2025-1) deal, Artemis can report.It means this new Nature Coast Re cat bond could become the equal largest … Read more
Montana’s Supreme Court upheld a landmark climate ruling that said the state was violating residents’ constitutional right to a clean environment by permitting oil, gas and coal projects without regard for global warming. The justices, in a 6-1 ruling, rejected the state’s argument that greenhouse gases released from Montana fossil fuel projects are minuscule on … Read more
California’s Department of Insurance last week posted long-awaited rules that remove obstacles to profitably underwriting coverage in the wildfire-prone state. Among other things, the new rules eliminate outdated restrictions on use of catastrophe models in setting premium rates. The measure also extends language related to catastrophe modeling to “nature-based flood risk reduction.” In the original … Read more
In Jeffers’ case, getting into temporary residential care at Kaiser Permanente’s Brookside Center in Clackamas, Oregon, was a breakthrough moment. “Getting sober and being around other people going through the same depression and addiction really changed me, because you think you’re the only person experiencing this,” said Jeffers. “There’s so many people out there going … Read more
Be Wary of the Drinking Water In many countries, people are used to simply turning on the nearest tap and filling a glass of water to quench their thirst. However, there are many places where that luxury doesn’t exist. Even in American cities, such as Flint, Michigan, residents have been impacted by a lack of … Read more
