Re/insurance broking giant Aon has announced the launch of a new parametric insurance solution that is designed to address and mitigate losses from hurricane-related storm surge along the coast of the United States, developed in partnership with Floodbase, a specialist in parametric flood risk, and global commercial insurer, Swiss Re Corporate Solutions.A key aspect of … Read more
Tower Hill Insurance Exchange, a Florida homeowners and commercial property insurance underwriter, has returned to the catastrophe bond market for its second time, seeking $100 million or more in Florida named storm reinsurance from this Winston Re Ltd. (Series 2025-1) issuance.A year ago, Tower Hill Insurance Exchange secured $400 million of reinsurance from its debut … Read more
Of course, nothing went according to plan. The Elysée had its dreams, but the weather made sure of this. On Saturday, December 7, the risk of a storm, with the wind blowing violently and the heavy rain forecast for the evening, forced the State and Church authorities to make a strategic and concerted withdrawal into … Read more
Despite warnings from two leading insurance rating agencies that Hurricane Milton weakened or threatened Florida’s recovering home insurance market, the market “can manage losses” from the Category 4 storm “and are ready to cover yet another hurricane,” if one should come this season, according to industry experts who spoke with the South Florida Sun Sentinel. … Read more
Hurricanes and tropical systems can bring strong winds and rain. Here’s how you can prepare: 1. Invest in a weather radio Have a way to get updates if cell services or power lines go down. Many weather radios now work as backup power banks with ports to plug in your phone and with solar and … Read more