COMAP’s Insurance of Catastrophes Modelers (ICM) are interested in the sustainability of the property insurance industry. As climate change increases the likelihood of more severe weather and natural disasters, ICM wants to determine how best to posture property insurance now such that there is resi...
ROEs are at mid-cycle levels; 2) hits to capital- 2017 could be one of the worst cat years on record with $100bn of industry insured losses; 3) higher reinsurance costs- retro costs and reinsurance costs are rising post the 3Q catastrophes and this should be passed along to customers; ...
“The whole point of the Plan is to facilitate—in lieu of a judicial proceeding—no-fault, yet exclusive, compensation from state funds for the benefit of those children claimed by their legal representatives to have suffered a BRNI,” District Court Judge Adam Tannenbaum noted in the opinion,...
Imagine what would happen if these catastrophes occurred back-to-back like they did during the 2004 and 2005 Atlantic hurricane seasons. Prior to Katrina, the thought of a disaster causing a twelve-digit loss was unfathomable. Today, catastrophe modelers consider such a loss inevitable and the ...
Tropical Storm Ianis poised to become one of the most expensive weather catastrophes in U.S. insurance history. "While it's too early to tell what the damage projections will be, many of the insurance modelers are putting it at between $20 and $40 billion," Insurance Information Institu...