HCI renews $2.7bn of reinsurance limit, considers buying more for wind season
HCI Group Inc. has secured $2.7 billion in aggregate reinsurance limit for its main P&C insurance underwriting subsidiary Homeowners Choice
Source: artemis.bm
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Cat bonds break half-year issuance record at $10.9bn already for H1 2024
Issuance of new catastrophe bonds and related insurance-linked securities (ILS) has already reached $10.9 billion in 2024 and has now broken the record
Source: artemis.bm
TWIA wants to reduce reinsurance as proportion of funding going forwards
The staff of the Texas Windstorm Insurance Association (TWIA) is set to recommend lawmakers consider a variety of ways to reduce its reinsurance purchases
Source: artemis.bm
Florida seeing first downward trend in property insurance rate filings for years
According to Florida's insurance market regulator, the first downward trend in property insurance rate filings for years is now being seen, as companies
Source: artemis.bm
Higher rates may not solve California's property insurance issues
With climate change hiking insurer costs, the state may allow catastrophe modeling as a stopgap, says former Insurance Commissioner Dave Jones.
Source: marketplace.org