Property
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The storm, currently 285 miles south of Charleston, is expected to make landfall as a hurricane on Friday. -
Florida homeowners insurers, cat reinsurers and the ILS market could all face crises as a result of the loss.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The storm has sped up considerably over the past six hours.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The dangerous storm is now projected to make landfall between Sarasota and Port Charlotte, Florida.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Cat 4 Hurricane Charley made landfall on Florida’s west coast in 2004, while Tarpon Springs (1921) was the last major storm to hit Tampa.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The storm is not expected to be a threat to the order of Jebi or Hagibis.
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Market sources are suggesting inflation could require a wider group of US cedants to buy $10bn-$20bn of additional cat coverage for 2023.
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The executive has over two decades of experience in the property underwriting sector, having worked for various carriers, including PartnerRe and RSA.
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