hurricane Isaias 2020

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Universal sees full retention losses for hurricanes Isaias and Sally

Universal Insurance Holdings, the Florida headquartered and expansive primary insurance carrier, has announced "full retention events" for both hurricane Isaias and hurricane Sally in the third-quarter of 2020, suggesting its reinsurance has been tapped for both storms. Late yesterday the insurer pre-announced catastrophe losses from the two hurricanes, which have impacted read the full article →

Progressive in $80m reinsurance recovery for August cat losses

Auto and property insurance focused Progressive Corporation recovered $80 million from its reinsurance in August, after the impacts of catastrophe losses during the month, in particular hurricane Laura and Isaias, triggered both its aggregate and per-occurrence protection. Progressive said that its property line of business combined ratio elevated to 147.1% for read the full article →

Hurricane Isaias to cost re/insurers up to $5bn: RMS

Hurricane Isaias' impacts could drive insurance and reinsurance industry losses of up to $5 billion, according to an estimate from catastrophe risk modelling specialist RMS. RMS pegs the industry loss as being in a range from $3 billion to $5 billion, with up to $500 million from impacts caused by hurricane read the full article →

Hurricane Isaias insured losses estimated at $4.2bn by KCC

Hurricane Isaias may have caused the insurance and reinsurance industry a loss of as much as $4.2 billion, according to analysis from catastrophe risk modeller Karen Clark & Company (KCC) It's the first full estimate of insurance and reinsurance market losses and a fair bit higher than where any of our read the full article →

Hurricane Isaias industry loss seen over $1bn: Aon

Hurricane Isaias, which impacted the Caribbean, made landfall in the Bahamas, then raked the Florida coast, after which it made landfall in the Carolinas and went on to impact the U.S. northeast including New York, is expected to cause insured losses of more than $1 billion. Reflecting on hurricane Isaias' impacts, read the full article →

Isaias forecast to regain hurricane status before Carolinas landfall

Tropical storm Isaias had a close brush with Florida as a low category hurricane and is now heading north for an expected landfall in the Carolinas, with forecasters expecting the storm to regain weak hurricane status before coming ashore in North Carolina. As we explained last week, Isaias is the first read the full article →