state

The private insurance market and the capital markets can help state governments finance themselves for disasters and other large insurance type claims, says a report from reinsurer Swiss Re. The latest Sigma study from Swiss Re discusses ‘State involvement in insurance markets‘ and while it identifies the areas where the state or government has to […]

Most U.S. states which are at risk of landfalling hurricanes have state windstorm plans and pools which are designed to be insurers of last resort for people living in high-risk zones where getting any insurance cover is difficult. So as the ultimate backstop for some states how would they fair if a major hurricane hit?