All Florida articles
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NewsFlorida reforms will offer relief to ‘dire situation’ - AM Best
New laws include the elimination of AoB. But reinsurance and ILS capacity will remain limited for some time
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Property rates set to soar 50% at 1/1 - Beazley
Beazley is ready to ‘step up’ at a time of market dislocation, says Treaty head Patrick Hartigan
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Florida buyers will struggle for capacity at 1/1 - Fitch
Rating agency predicts double-digit rate rises for property catastrophe cover driven by insured losses of c.$120 billion
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Rare hurricane set for east Florida landfall
Nicole is expected to intensify to a category 1 storm as it approaches the east Florida coast so late in the season
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Gallagher Re: Ian was Southwest Florida’s ‘Andrew’
Hurricane is set to be one of the costliest US catastrophe events on record; despite building code ‘success stories’
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Swiss Re pegs Ian losses at $1.3 billion
The reinsurer estimates the total insured market loss from Hurricane Ian at $50 billion to $65 billion
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Total economic damage from Ian to breach $100 billion, says KCC
Cat modeller predicts high proportion of litigated claims due to ‘tremendous amount’ of coastal flooding
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Inflation a major wildcard for Florida recovery - RMS
’Wind versus water’ claims disputes to arise post Ian, with full recovery likely to “take years”
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Verisk pegs Ian losses at $42 to $57 billion
Ian brought significant storm surge damage, however, the flood insurance take-up on residential risks in Florida are low
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Hurricane Ian barrels across the Florida peninsula
Two million people are without power after the 5th most powerful storm in US history slammed into the southwest Florida coast
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Hurricane Ian will 'test' Florida reinsurance program - AM Best
Ian could add to the capital pressure faced by ’thinly capitalised’ insurers and see reinsurance rates harden further
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Ian: NHC warns of 18 feet storm surge
Hurricane Ian is set to make landfall in southwest Florida as a category 4 storm with windspeeds up to 155mph
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Hurricane Ian close to Cat 5 in strength - RMS
NHC has Ian making landfall as a category 4 major hurricane near Port Charlotte shortly after 2pm local time
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Hurricane Ian bears down on Cape Coral, Fort Myers
The storm is on track to intensify to an intense category 4 hurricane before making landfall later today
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Hurricane Ian slams into Cuba; gains intensity
Industry losses ranging between $15 billion and $35 billion are an increasing possibility - Guy Carpenter
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Hurricane Ian takes aim at Florida
Current forecasts show the storm skirting the west coast of Cuba before intensifying as it crosses the Gulf of Mexico
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Losses paid to Florida carriers quadruple in just three years
Losses paid by US-domiciled reinsurers topped $1 billion in 2021, prompting market correction - AM Best
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FLOIR's warning as Demotech moves to downgrade 17 carriers
Florida Office of Insurance Regulation slams the move; says rating agency is exerting ’coercive influence’
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Mid-year renewals: Inflation takes its toll
Pricing was near “distress levels” at mid-year as reinsurers face their toughest market since 2008, says Gallagher Re
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Buyers faced “near-perfect storm” at 1 July
Alternative capital set for robust year as traditional capital decreases, states Aon
