All Hurricane Ian articles – Page 3
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Hurricane Ian drives Swiss Re Q3 loss of $442m
The reinsurer has bolstered reserves by $700m over the past year to address the impact of economic inflation
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Baden Baden: Expect further retrenchments post Ian - Ariel Re
Trapped collateral and a global retro freeze will further exacerbate supply demand imbalances at 1/1
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Baden Baden: Litigation could significantly inflate Ian loss - Verisk
Loss creep on Hurricane Ian claims are likely as inflation and social inflation drive up costs, thinks Yörn Tatge
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Baden Baden: The cycle has reasserted itself - Flandro
The reinsurance industry is grappling with the ‘most difficult renewal since 2006’, says Howden Analytics’ boss
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Baden Baden: Trapped capital will further dent European capacity - Munich Re
Hurricane Ian will exacerbate Europe’s reinsurance supply and demand imbalance, further driving up rates
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Munich Re estimates Ian loss of €1.6 billion
It has become ‘significantly more challenging’ to hit its FY profit target of €3.3 billion
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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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Nat cats cost insurers $99 billion so far in 2022
Economic losses through the end of Q3 2022 are estimated at $227 billion, representing a protection gap of 56 percent
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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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Hurricane Ian will test cat bond capacity
ILS-trapped capital from Hurricane Ian is estimated at $15 billion to $18 billion
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Ian will have ‘devastating impact’ on full-year underwriting results
Continued rise in interest rates will further pressure total investment returns and reported book values - Aon
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Hurricane Ian to cost insurers up to $74 billion - RMS
Estimate reflects insured wind, storm surge, and inland flood impacts for the US with additional NFIP losses up to $10 billion
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RIMS calls for long-term extension of NFIP
As Florida reels from Hurricane Ian, the US flood insurance program receives a brief reprieve
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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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S&P predicts Hurricane Ian losses of up to $40 billion
Citizens Property Insurance Corporation has estimated it expects losses of about $3.8 billion
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Hurricane Ian to bring ‘near record’ insurance losses
Ian will leave insurers with their largest loss since Hurricanes Harvey, Irma and Maria in 2017, says GlobalData
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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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