AM Best suggests pretty significant flood protection gap in California from recent storms

Share!

Reinsurance News - Feb 12, 2024

Recent storms in California have caused heavy flooding in the state resulting in significant economic losses, many of which may not be insured, warned David Blades, associate director, industry research and analytics at AM Best. He stated: “After long periods of drought in California over the past c...

Read Full Article

Recommended Articles

Hurricane Milton private market insured loss seen at $22bn to $36bn by Moody’s RMS

Posted: Oct 17, 2024

Moody’s RMS Event Response has estimated that total private insurance industry losses from hurricane...

Gallagher Re hires new Head of Agriculture EMEA & Parametric Sales International

Posted: Oct 17, 2024

Global reinsurance broker Gallagher Re has announced the appointment of Abdessamad El Angoudi as Hea...

McGriff acquisition expected to be modestly accretive in first year: John Doyle, MMC

Posted: Oct 17, 2024

During Marsh McLennan’s earnings call for the third quarter of 2024, John Doyle, the company&#...