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State legislation has led to major strides in rate adequacy. -
Category 4 and 5 storms could become more common and hit further north.
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Despite predicting fewer hurricanes, the numbers are still above average.
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The weather-modelling agency is predicting a below-normal season.
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Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
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Plus the latest people moves and all the top news of the week.
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The late March storm caused extensive damage in southern Quebec and Ontario.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
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The company said the reduction was due to years of steady improvements.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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Allstate attributed the bulk of its losses to three major wind and hail events.
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