The Florida Hurricane Catastrophe Fund Advisory Council recently presented its 2008 October bonding estimates, rattling the nerves of insurers in the process. While David Sampson, president and chief executive officer of the Property Casualty Insurers Association of America, recognizes that …
Omar has intensified to hurricane strength in the last 24 hours and continues to move gradually towards the northern Leeward Islands. It is a relatively small storm with hurricane force winds extending up to just 15 miles from the center. …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has made its first ever hurricane payout from the multi-country risk pool. Turks and Caicos Premier the Hon. Dr. Michael Misick accepted $6.3 million from the CCRIF, three weeks after the country was …
Key Louisiana lawmakers plan to challenge property insurers by trying to limit the special deductibles they can impose when homes are damaged by tropical storms and hurricanes. The so-called “named-storm” deductibles, of up to 5 percent, are the norm in …
The 10 tropical storms and hurricanes that ripped through the Atlantic and Caribbean during this busy hurricane season savaged Haiti, Cuba and the U.S. Gulf coast, and conditions are now ripe for more. Residents of the Atlantic-Caribbean danger zone should …
The 10 tropical storms and hurricanes that ripped through the Atlantic and Caribbean during this busy hurricane season savaged Haiti, Cuba and the U.S. Gulf coast, and conditions are now ripe for more. Residents of the Atlantic-Caribbean danger zone should …
Carvill Capital Markets recently listed named storm contracts on the Chicago Mercantile Exchange providing coverage for live hurricanes and for an entire hurricane season. Patrick Gonnelli, president of Carvill Capital Markets, said contracts are listed on the CME, allowing any …
A number of Bermuda-based insurers and reinsurers are due to start publishing their third quarter results at the end of the month. They will detail a combination of losses from the current hurricane season, as well as investment losses and …
A fleet of special balloons released over South Florida may soon help hurricane forecasters better predict the path of storms. But at a cost of up to $2,000 each, these aren’t your average birthday party decorations. The clear, pyramid-shaped balloons …
Astute observers of recent political history may recall the story of Harry and Louise — the fictional couple created by a health insurance industry lobbying group in 1994. In political television ads at the time, the couple railed against then-President …
