Having increased its estimate for National Flood Insurance Program (NFIP) losses from hurricane Helene, we’re told that FEMA has gone ahead with the partial repayment of principal and also extended the maturity dates for two of its FloodSmart Re catastrophe bond tranches.The U.S. Federal Emergency Management Agency (FEMA) had put an initial estimate for NFIP … Read more
As I watch my stock portfolio correct, I take solace in knowing that my real estate portfolio continues to chug along despite the chaos, fear, and uncertainty. With mass government personnel cuts, new tariffs against Mexico, Canada, and China, a heated Oval Office exchange between President Trump and Ukraine’s President Zelensky, and sharp words from … Read more
Trucks carrying humanitarian aid enter the Gaza Strip from Egypt in the southern Gaza town of Rafah, Wednesday, February 12, 2025. ABDEL KAREEM HANA / AP Israel announced Sunday, March 2, that it was suspending the entry of supplies into Gaza, and threatened “consequences” for Hamas if it did not accept a proposal for a … Read more
The global IT outage caused by a defective software update from CrowdStrike has highlighted the “persistent uncertainty” in the cyber catastrophe bond and insurance-linked securities (ILS) asset class, rating agency AM Best said, also highlighting that there is uncertainty surrounding the tail and potential for loss development, which it seems is misunderstood.On CrowdSrike, AM Best … Read more
By falling just short of mandating a complete ban on access to EU procurement by third-country economic operators not covered by international agreements, in Kolin Inşaat Turizm Sanayi ve Ticaret (C-652/22) (‘Kolin’), the Court of Justice has suddenly crystallised a change in EU procurement-related trade policy. Kolin will have many, and potentially quite problematic, practical … Read more