Canadian Underwriter

Keyword
Florida

News Commercial LinesInsuranceMarkets / CoveragesTechnology

CRU Adjusters teams up with Kespry’s industrial drone platform for adjusting property claims

July 13, 2017 by Canadian Underwriter

CRU Adjusters, an independent adjusting firm specializing in customized claims handling solutions in Canada and the United States, has announced a collaboration with Kespry’s industrial drone platform to power CRU’s drone division for adjusting property claims. The collaboration, after more

News CatastrophesCommercial LinesInsuranceMarkets / CoveragesPersonal Lines

Hannover Re, Guy Carpenter place $960 million worth of ILS transactions in three U.S. states

July 12, 2017 by Canadian Underwriter

Hannover Re announced Wednesday it has completed three insurance-linked securities transactions, through Marsh and McLennan Companies Inc.’s GC Securities unit, with a total value of $960 million. All figures are in United States dollars. Hannover Re said it transferred $750

News CatastrophesInsuranceMarkets / CoveragesReinsurance

Homeowners could see cheaper premiums with private insurance than with NFIP: report

July 11, 2017 by Canadian Underwriter

A majority of single-family homes in Florida, Texas and Louisiana could see cheaper premiums with private insurance than with the National Flood Insurance Program (NFIP), according to a briefing paper from Milliman, a provider of actuarial and related products and

News CatastrophesInsurancePersonal Lines

Number of lightning-related homeowners insurance claims in the U.S. up in 2016, but average cost for insurers down: I.I.I.

June 16, 2017 by Canadian Underwriter

The number of homeowners insurance claims from lightning strikes and electrical surges in the United States rose in 2016, compared with 2015, but the average cost that insurers paid on those claims fell, according to a new analysis by the

News CatastrophesInsurancePersonal LinesTechnology

National Flood Insurance Program contributes to ‘development in flood prone areas,’ NWF executive testifies

June 12, 2017 by Canadian Underwriter

Private insurance companies in the United States are “clamouring” to write flood risk for properties while the nation’s National Flood Insurance Program encourages development in floodprone areas and needs to be “significantly reformed,” speakers recently told a committee of the

News InsuranceLegalPersonal Lines

Two-thirds of defective Takata airbags still not repaired, U.S. senator reports

June 5, 2017 by Canadian Underwriter

Approximately two-thirds of recalled inflators involved in the Takata recall in the United States have not yet been repaired, U.S. Sen. Bill Nelson (D-FL) reported late last week. “The numbers provided to Nelson by the independent monitor appointed to oversee

News Commercial LinesInsuranceLegislation / RegulationMarkets / CoveragesPersonal LinesProductsTechnology

Slice launches “first on-demand insurance platform” for homeshare hosts in 13 states

June 1, 2017 by Canadian Underwriter

Slice Labs Inc., a technology company offering what it calls “the first on-demand insurance platform in the United States,” announced on Wednesday the launch of their homeshare insurance product in 13 states. Homeshare hosts in 13 states – California, Colorado,

News CatastrophesConstructionInsurancePersonal Lines

Nearly 6.9 million U.S. homes at risk of hurricane storm surge damage in 2017: CoreLogic

June 1, 2017 by Canadian Underwriter

Nearly 6.9 million homes along the Atlantic and Gulf coasts in the United States are at potential risk of damage from hurricane storm surge inundation, according to CoreLogic’s 2017 Storm Surge Report. On Thursday, the global property information, analytics and

News CatastrophesInsurancePersonal Lines

Aon unit pegs economic loss from Matthew at US$15 billion

April 24, 2017 by Canadian Underwriter

Hurricane Matthew, which is estimated to have caused $150 million in economic losses in Canada alone and killed more than 600 in the Western hemisphere, set several records, Impact Forecasting LLC said in a report released Monday. Hurricane Matthew officially

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

U.S. senate committee holding field hearing on economic impacts of extreme weather and coastal flooding

April 10, 2017 by Canadian Underwriter

The U.S. Senate Committee on Commerce, Science & Transportation is holding a field hearing in West Palm Beach, Fl. to discuss the economic impacts of extreme weather and coastal flooding. Lead by Senator Bill Nelson (D-FL), the hearing, titled “Extreme

News CatastrophesCommercial LinesInsurancePersonal Lines

U.S. Storm Prediction Center issues high risk outlook for January for first time in two decades: RMS

January 26, 2017 by Canadian Underwriter

The severe storms that have struck the southern United States have prompted the Storm Prediction Center (SPC) to issue a “high risk” outlook in the month of January for the first time in nearly two decades, Risk Management Solutions, Inc.

News CatastrophesInsurancePersonal Lines

Georgia’s insurance commissioner estimates US$100 million in property damage from storms

January 25, 2017 by Canadian Underwriter

Georgia’s insurance commissioner is estimating US$100 million in property damage from storms and tornadoes that devastated parts of the state and resulted in at least 15 deaths. Commissioner Ralph T. Hudgens said in a press release issued Wednesday that “hundreds”