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Shares in Floridian insurers jumped last week but, for the year so far, they are down more than 21 percent.
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The reinsurer also reiterates optimism about the 1.1 renewals.
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The early renewal points to a tough market for cedants hit by California wildfires.
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The Insurance Insider takes a look at reinsurance market dynamics after “near-miss” Dorian.
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Can you imagine a loss so catastrophic that it wiped out 58 percent of a nation’s GDP in one fell swoop?
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Downtown Charleston is experiencing flooding, according to media reports.
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The forecast, which doesn’t break out insured losses, follows a sustained Category 5 hit. -
The storm is moving north at 7 mph, but is expected to accelerate.
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Wind speed is slowing as the hurricane moves north.
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The Category 2 hurricane speeds up slightly as it beats an unprecedented path.
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Marine liability lawyers said the vessel operator may try to invoke the Limitation of Liability Act.
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The storm has slowly started to move northwest away from Grand Bahama where it has been stationary for more than a day.
