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Insurers look to ILWs for disaster protection
Reuters
Capacity has also become constricted after US insurers, such as Florida's property insurer Citizens Property Insurance Corporation, and the Texas Windstorm Insurance Association purchased significant reinsurance protection instead of relying on US ...
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Texas Windstorm Reform Bill Passes; Sent to Governor
Insurance Journal
The House and Senate reached agreement on Texas Windstorm Insurance Association reforms in House Bill 3 just one day before lawmakers were set to adjourn the special session called to resolve issues not completed in the regular legislative session that ...
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Canadian Natural Gas Falls on Lower Cooling Demand in U.S. West
Bloomberg
“This is a temporary correction here and I expect it to be going up over the next couple of months because of stronger demand and warmer weather going into a hurricane season,” Peter Linder, investment manager at DeltaOne Capital Partners in Calgary, ...
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Insurers look to ILWs for disaster protection
Reuters
Demand for ILWs has remained brisk after the June 1 start of the six-month long North Atlantic hurricane season, according to Stefano Nicolini, senior vice-president at reinsurance broker BMS. "We've seen an increase for US nationwide wind contracts ...
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Hurricane Season Starts With Arlene
Smithsonian (blog)
And now the first named storm of the 2011 hurricane season, Tropical Storm Arlene, is brewing in the Gulf of Mexico. The National Oceanic and Atmospheric Administration has predicted an above-average season this year in the Atlantic: 12 to 18 named ...
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Smithsonian (blog)
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Reform Bill Gives TWIA Ability to Issue Pre-Event Bonds
PropertyCasualty360
It took a special legislative session for them to agree, but Texas lawmakers have passed reform legislation for the Texas Windstorm Insurance Association (TWIA). “The provisions in this legislation will bring some financial stability to TWIA,” says Joe ...
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Rising Catastrophe Insurance Premiums Lure Investors
Wall Street Journal
And increased margins are tempting hedge funds, private-equity firms and even institutional investors, who have begun specialist underwriting businesses ready to write policies for the US hurricane season. "There has been an observable change in ...
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Travel Insured Provides Trip Cancellation Coverage When Natural Disasters ...
San Francisco Chronicle (press release)
Violent storms with damaging winds, floods from spring rains on melting snow packs, and the US National Weather Service forecast for an active Atlantic hurricane season have combined to give travelers new worries about making vacation plans, ...
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Lege Passes TWIA Bill, Punishing Coast for TWIA Abuses
Eye on Texas Blog (blog)
Coastal homeowners and businesses are at risk with the passage of the final version of a bill to restructure the Texas Windstorm Insurance Association. “TWIA needlessly punished and endangered its policyholders after Hurricane Ike. ...
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Eye on Texas Blog (blog)
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Pa. Governor Signs Tort Reform Bill
Insurance News Net (press release)
Tort reform in Texas has become so contentious that lawmakers' effort to reform the Texas Windstorm Insurance Association was stalled after legislators failed to reach an agreement about what limits would be placed on lawsuits filed against the ...
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