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US District Judge Richard Andrews struck down the arguments by some insurers that the judgment inflated claims and contained factual errors. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The US continues to experience catastrophic flash flooding and heavy rainfall events that are impacting “inland” areas across the country, as well as coastal areas.
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Based in Boston, Wilson will report to Newfront’s head of executive risk, Deirdre Finn.
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The facility will support quota share capacity with Anchor Re on behalf of SageSure carrier partners.
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Recent data shows an increase in InsurTech short interest and a slight uptick for brokers and P&C insurers as a result of economic uncertainty following the banking crisis.
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Carriers will address exposure to catastrophe losses, higher reinsurance costs, macroeconomic factors and inflation.
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Across Mississippi, Alabama and Tennessee, around 34,000 customers remained without electricity as of Monday morning.
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In addition to the loss-share transaction, First Citizens has agreed with the US regulator to share losses to provide future protection against potential credit losses.
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Banking crisis contagion could lead to a decline in construction projects and demand for coverage, while inflation is driving loss costs ever higher.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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It is understood that the company has mandated Nomura to raise the risk capital.
