Claims and losses

Flooding, wind damage and business interruption losses are expected to rise as the region begins to recover.

The Floridian writes a small book of homeowners’ business in South Carolina.

Utility companies and construction suppliers are among the industries that will be disrupted by the storm, said Moody’s.

China Re, ZhongAn and PICC sustain losses after the super-typhoon hammers Hong Kong.

As the dust settles on what at one stage seemed to be the big hurricane of this season, (re)insurers can reflect on what Florence might have brought had it maintained its wind speeds as it made its way towards the Carolinas.

The typhoon is the most powerful storm to hit Hong Kong in almost 40 years.

Advisories are in place for storm surges, wind gusts and freshwater flooding after the hurricane drops over 16 inches of rain.

NFIP reinsurers will be untapped for losses under $4bn, analyst Amit Kumar predicted.

The losses were largely expected to stem from Osaka.

The US carrier says buybacks will be a ‘meaningful component’ of its strategy as it rules out major M&A.

The strongest storm ever recorded is set to make landfall as a Category 5 tomorrow.

North Carolina FB has just under 7% market share in North Carolina, the most among single-staters.