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California wildfire victims may get more time to sue their insurers and be able to force their carriers to be more flexible in applying benefits to help them recover if legislative proposals put forward today win passage.
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Construction, trade credit and infrastructure insurers are facing potential losses after one of the UK's biggest contracting companies went into compulsory liquidation today.
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Trade credit insurers, including market leader Euler Hermes, have ceased writing new coverage for suppliers to Carillion, The Insurance Insider understands.
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PCS has released an updated loss number of $10.4bn for the wildfires that hit California in October - up 42 percent from its initial figure of $7.3bn, The Insurance Insider can reveal.
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Catastrophe data aggregator Perils has finalised its property insured loss estimate from extratropical cyclone Egon at EUR275mn ($329mn).
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AIR Worldwide has said insured losses as a result of wind from Storm Eleanor, known as Burglind in Germany, will total EUR1.1bn to EUR1.6bn ($1.3bn-$1.9bn).
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The El Conquistador hotel in Puerto Rico, which suffered extensive damage from Hurricane Maria, is claiming for the full $350mn limit of its property direct and facultative policy, The Insurance Insider understands.
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Mudslides have killed 17 people in Montecito, California, and destroyed 100 homes and damaged at least 300 more, according to reports
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Arch is expecting to book net cat losses of $60mn-$75mn in the fourth quarter alongside a $15mn-$20mn tax write-down as a result of the recently introduced US tax reforms.
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Liberty Mutual emerged as the market leader in the northeast US, where primary homeowners' insurers face the prospect of mounting claims from subzero temperatures and heavy snowfall
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Steamship Mutual, Korean insurer Hanwha and PICC all lead covers that have exposure to the major shipping accident at the weekend involving the Iranian oil tanker the Sanchi, The Insurance Insider understands.
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A US spy satellite that reportedly failed to reach orbit appears to be a total loss, according to news outlets including The Wall Street Journal and the Financial Times
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