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Westchester Surplus Lines Insurance has reached a settlement with a Florida condominium association over a hurricane damage claim—three years after the association submitted loss estimates that insurers blasted as wildly inflated, even calling them 'outrageous.'
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Hong Kong is preparing for potential widespread damage and major disruptions as Super Typhoon Ragasa barrels toward the city, churning off the northern Philippines with fierce, tree-toppling winds.
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As natural disaster losses continue to rise, bridging the so-called protection gap will require strong collaboration between the public and private sectors—not limited to the insurance industry—according to the head of a global organization of insurance supervisors.
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Robust returns in the reinsurance sector are drawing in fresh capital, resulting in more favorable pricing for buyers. However, brokers’ renewal reports note that underwriting discipline remains firmly in place.
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One of the most successful hedge fund strategies in recent years—insurance-linked securities—is embracing a classic concept that has suddenly surged back into favor.
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Two additional property insurers have entered the Florida market this summer, raising the total number of new carriers joining the state since 2023 to 14
Westchester Surplus Lines Insurance has reached a settlement with a Florida condominium association over a hurricane damage claim—three years after the association submitted loss estimates that insurers blasted as wildly inflated, even calling them 'outrageous.'
