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Harvey likely to drive short-term NFIP extension

Dealing with the aftermath of Harvey and working on how to keep the National Flood Insurance Program (NFIP) in business past the end of this month will likely take centre stage as Congress returns from its August recess.

Ted Bunker, 05 September 2017
Harvey losses to create complex legal challenge

Determining the root cause of Hurricane Harvey losses and identifying whether claims should fall to the private sector or the state will create a huge legal conundrum in the wake of the storm, lawyers have said.

Lucy Jones, 05 September 2017
High retentions shield reinsurers from Harvey

The bulk of US nationwide insurers are not expected to attach their catastrophe treaty reinsurance covers as a result of Hurricane Harvey, although the market is monitoring some companies more closely for possible cessions.

Adam McNestrie, 05 September 2017
Reinsurers face non-standard auto Harvey pain

Devastation caused by Harvey-related flooding is set to trigger a sharp deterioration in Texas personal auto underwriting results, which had already been driving some reinsurers away from the business.

David Bull, 05 September 2017
Harvey raises spectre of Lloyd’s 2017 underwriting loss

Lloyd's exposure to Hurricane Harvey through binders and cat treaty business is prompting questions about whether the market could be set to record its first full-year underwriting loss since 2011.

Charlie Thomas, 05 September 2017
Property binders market tries to unravel Harvey impact

The London binders market is expecting a mixed claims experience from Hurricane Harvey due to a Texan market which is hugely fragmented in terms of MGAs, coverages and capacity providers.

Catrin Shi, 05 September 2017
Texas habitational losses to hurt London D&F market

The London property direct and facultative (D&F) market is braced for a slew of claims stemming from Texan habitational accounts in the aftermath of Harvey.

Catrin Shi, 05 September 2017
Opinion: Don’t wait for Harvey to boost energy rates

From the flood-drenched streets of Houston to the casinos of Monte Carlo, one question on every energy underwriter's mind right now is what impact Harvey will have on rates.

Bernard Goyder, 05 September 2017
Energy market weighs the cost of Harvey

Harvey will cause substantial losses in the energy market, though the upstream sector appears to have escaped major claims.

Bernard Goyder, 05 September 2017
The Promised Land

Imagine that instead of a world of abundance, we lived in a world with fewer of the many things we have come to take for granted.

Mark Geoghegan, 05 September 2017

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