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Early Hurricane Laura loss estimates cluster around $10bn
Early modelling data points towards a single-digit billion loss, but excludes energy and Covid-19 impact.
Adam McNestrie
,
28 August 2020
Laura downgraded to tropical storm over Louisiana
On its current forecast trajectory, the storm will hit Little Rock, Arkansas, where it could cause flash flooding.
Bernard Goyder
,
27 August 2020
Louisiana state insurer among Laura reinsurance losses to watch
The state insurer of last resort buys cover from a much lower-attaching level than its Texas peer.
Jeff Kuntz
,
27 August 2020
Tysers takes former African Trade agency chief as trade credit head
The newcomer will work alongside his RFIB counterpart to fuse the two operations’ trade credit businesses.
Laura Board
,
27 August 2020
AM Best: California wildfires bill for 2020 could exceed 2017’s $13bn
The ratings agency predicts a potential retreat of certain E&S carriers.
Laura Board
,
27 August 2020
Pen’s Bree replaces Grint as COO of Gallagher UK retail
Gallagher group insider Matthew Lucas takes the COO role at the MGA.
Laura Board
,
27 August 2020
Hurricane Laura to weaken to tropical storm later today
The NHC reiterated its warning of “life-threatening” storm surge as the storm rapidly loses strength.
Catrin Shi
,
27 August 2020
Weakening Laura batters Gulf Coast as Category 3 hurricane
AM Best warns the coronavirus pandemic will inflate the cost of claims arising from the strongest storm by far of this year’s hurricane season.
Lucy Jones
,
27 August 2020
Moody’s puts Californian wildfire damage to date at $1.6bn
The ratings agency says lockdown measures could pump up the repair bill.
Samuel Casey
,
27 August 2020
ICA: Australian carriers 2019-2020 natcat payouts reach A$3.85bn
Over 83% of bushfire claims are closed, the ICA said.
Jeff Kuntz
,
27 August 2020
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