reinsurance market News

Delta Losses Bring Hurricane Damages to $26B for Year

Hurricane Delta caused from $700 million $1.2 billion in insured losses from wind damage and storm surge, and an additional $800 million to $1.5 billion in losses to offshore structures, CoreLogic said Tuesday. The damage is far less than estimated …

U.S. Insurance Industry Has Capacity to Withstand Hurricane Perils in 2013: Fitch

Enough capacity remains available in the (re)insurance markets to provide sufficient coverage and withstand potential losses from hurricane related perils as the U.S. tropical storm season approaches, according to Fitch Ratings’ annual hurricane season desk reference report. This is the …