Browsing: catastrophe

New legislation in Italy mandates catastrophe insurance for businesses, with expectations for significant adoption within the first year.

Moody’s Ratings forecasts that recent wildfires in Los Angeles will exacerbate existing challenges in California’s property insurance market, potentially increasing costs and straining the FAIR Plan.

Examining how insurance policies may or may not cover property damage resulting from government actions during crises like wildfires and other emergencies and raising questions about the fairness of government action exclusions.

Florida Citizens Property Insurance Corp. is planning a $4.54 billion private reinsurance program for 2025, which includes renewing existing coverage.

Bermuda-based insurer Lancashire Holdings reported a strong 2024, but faces challenges from major disasters and climate-related risks.

Lancashire Holdings Ltd., a London-listed specialty insurer, reported a successful 2024 and anticipates a mid-teens return on equity in 2025, despite significant claims from catastrophic events, including the Baltimore bridge collapse.