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

Buyers’ market to persist through 2026, some to seek additional reinsurance: Gallagher

Posted: Jan 30, 2026

A buyers’ market is anticipated to continue throughout this year, and while some carriers are...

Selective sees 64% net income increase in Q4‘25 and improved 93.8% CoR

Posted: Jan 30, 2026

Selective Insurance Group has released its financial results for the fourth quarter of 2025, reporti...

Floods in Malawi and Mozambique trigger REPAIR’s parametric coverage

Posted: Jan 30, 2026

The floods devastating Malawi and Mozambique have triggered the Regional Emergency Preparedness and...