Here we are at the end of November, with the HIM storms in the relatively distant past. By now, it should be clear if cat/flood rates would be hardening or not. Especially, one would think, with reinsurance renewals bearing down.
We have conglomerated some news highlights for you today, but first, Happy Thanksgiving!
0 Comments Click here to read/write comments
Topics: Flood Insurance, Insurance Protection Gap, NFIP
As this blog likes to point out, the best way to evaluate flood risk is with risk scoring. We could look back at how it improves underwriting, we could watch it in action, how it works, or go deep into how it works in a specific region (like California’s Central Valley).
0 Comments Click here to read/write comments
Topics: Flood Insurance, Insurance Protection Gap, Canada Flood Risk
This week I’m attending the Singapore International Reinsurance Conference (SIRC), the largest Asian gathering of the reinsurance industry, including brokers and reinsurers, and the cedants who are their clients. The first thing I learned is that reinsurers are rejecting their recent labeling as “traditional reinsurers”, as new “alternative” capital moves into reinsurance. They now prefer to call themselves “professional reinsurers”. Sounds good!
0 Comments Click here to read/write comments
Topics: Flood Insurance, Insurance Protection Gap, Effective Underwriting
The wildfires in California this month have been historically devastating, on their way to becoming the most expensive and tragic wildfires in the country’s history. These wildfires seem to be unusual, or even unlike anything we have seen before. Sadly, there is a direct comparison – a very recent comparison, in fact.
0 Comments Click here to read/write comments
Topics: Wildfire, California
