2023-10-07 18:53:18

Insurance CEO says Hurricane Ian losses will push industry 'to the brink'

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The Business Journals

Billions of dollars in losses will likely fall to reinsurers, he says.

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Logo The Business Journals
Technology2023-10-06 18:22:17
Billions of dollars in losses will likely fall to reinsurers, he says.

Logo The Business Journals
Technology2023-10-07 15:57:55
Billions of dollars in losses will likely fall to reinsurers, he says.

Logo Benzinga
Business / FinanceBy Business Wire2024-09-27 22:30:00
Hurricane Ian will be the first test of Florida's newly created reinsurance program, a temporary arrangement enacted by lawmakers in an effort to stabilize...

Logo Benzinga
Business / FinanceBy Business Wire2023-09-30 19:48:00
Hurricane Ian is one of the most severe tropical cyclones recorded to make landfall in Florida. In addition to loss of life, the economic loss is likely to...

Logo Benzinga
MarketsBy Wayne Duggan2024-09-28 17:09:28
Hurricane Ian is just off the Gulf Coast of Florida and approaching landfall near Cape Coral as a Category 4 storm with maximum sustained winds of 155 miles...

Logo Bloomberg
MarketsBy Max Reyes2023-09-30 20:38:59
Hurricane Ian will cause $63 billion in losses covered by private US insurers, according to an estimate from a risk-modeling firm. The forecast includes...

Logo MarketWatch
MarketsBy Andrew Keshner2023-10-01 13:40:00
The full financial and human price of Hurricane Ians destruction is still unknown, days after it lashed Florida and now with South Carolina fresh off its...

Logo GlobeNewswire
TechnologyPress Release2023-10-03 10:05:00
The industry loss estimate includes estimated wind, storm surge, and inland flood losses resulting from Ians landfalls in both Florida and South Carolina;...

Logo CNN
MarketsBy Julian Zelizer2023-09-30 10:34:25
Editors Note: Julian Zelizer, a CNN political analyst, is a professor of history and public affairs at Princeton University. He is the author and editor of...

Logo CTV News
Business / FinanceBy The Canadian Press2024-09-27 16:17:00
TORONTO - DBRS Morningstar estimates hurricane Fiona will cause between $300 million and $700 million in insured losses in Atlantic Canada for a record high...

Logo Bloomberg
MarketsBy Max Reyes2024-09-27 17:50:05
Hurricane Ian is bearing down on Florida, threatening to further destabilize a homeowners-insurance market already teetering on the edge of disaster. The...

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PoliticsBy Associated Press2023-10-05 05:21:10
By DEE-ANN DURBIN and ANNE D'INNOCENZIO, AP Business Writers Daniel Kelly and his wife bought a 1977 doublewide mobile home in May for about $83,000 at...

Logo CNN
MarketsBy Chris Isidore2023-09-30 14:58:11
New York CNN Business — Hurricane Ian may have caused as much as $47 billion in insured losses, according to the latest estimate, which could make it the...

Logo CBS News
PoliticsBy Kathryn Watson2023-09-29 17:49:36
President Biden addressed Federal Emergency Management Agency employees, Florida and the nation after receiving a briefing from FEMA officials Thursday, as...

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MarketsBy Newsfeedback@Fool Com (The Daily Upside)2023-09-30 01:00:21
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn...

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TechnologyBy Zacks2023-09-29 12:00:00
Hurricane Ian extremely dangerous category 4 storm could prove to be one of the most hazardous storms to hit Florida after making landfall. Maximum sustained...

Logo Benzinga
Business / FinanceBy Business Wire2023-10-06 21:33:00
Uninsured residential flood loss is between $10 and $17 billion CoreLogic, a leading global property information, analytics and data-enabled solutions...

Logo The New York Times
Business / FinanceBy Ephrat Livni2023-09-29 13:05:29
As severe weather events become more frequent, pricing the risk associated with them will only get trickier. Hurricane Ian, now downgraded to a tropical...

Logo CNN
EconomyBy Alicia Wallace2023-10-03 20:17:44
Minneapolis CNN Business — The devastation wrought by Hurricane Ian likely caused more than $50 billion in damages and also dinged overall US economic...

Logo CNN
Business / FinanceBy Danielle Wiener Bronner2024-09-28 18:44:10
New York CNN Business — Hurricane Ian is the latest natural disaster to impact food prices. The storm hitting Florida is already forcing orange juice futures...