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Plus, the latest people moves and all the top news of the week. -
Claims were concentrated in the US, with a significant increase in D&O class actions.
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Despite steep rate hikes, premium volume has held steady as players such as SpaceX self-insure.
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The losses were below May’s $777mn, but almost 3x higher than for June 2024.
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Questions remain over regulatory touch, capital requirements and tax benefits
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The suit claims billions of dollars are being illegally withheld.
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The US accounted for 92% of all global insured losses for the period.
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US events accounted for more than 90% of global insured losses.
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State legislation has led to major strides in rate adequacy.
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Category 4 and 5 storms could become more common and hit further north.
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Claims chiefs are caught between technological advancement and waiting for phase two
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Despite predicting fewer hurricanes, the numbers are still above average.
