Hurricane Laura’s Losses Estimated at $4B to $15B
Early estimates of onshore property damage from Hurricane Laura by various modelers range from about $4 billion to $12 billion. Those estimates came in from CoreLogic, Karen Clark and Company and AIR. Several days later, risk modeler RMS estimated that onshore and...
Commissioner Kent Sullivan Announces His Resignation
On Aug. 18, Kent Sullivan announced his resignation as Texas Commissioner of Insurance. He remains in this role through September. Sullivan became commissioner in October 2017 shortly after Hurricane Harvey’s catastrophic impact on the state. During his three…
Lloyd’s Announces Half-Year Losses, Expects to Pay $6.5 Billion for Coronavirus Claims
London ViewsBy LEN WILKINSLondon CorrespondentLloyd’s has announced losses of $0.52 billion for the half year to date. The market can live with that but will be worried about Lloyd’s management’s expectation that the market stands to…
Insurance Serves Policyholders When There is ‘No More’
By MICHAEL G. MANESManes and Associates Today is September 11, 2020 – the 19th anniversary of what we now call – 9 /11. The TV is playing in the background, reliving the terror of that day. It is the tragedy– no matter where you lived–that reshaped our world. We will...
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