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

IAG maintains FY26 insurance profit target despite RACQI impact

Posted: Feb 12, 2026

IAG has reported net profit after tax for H1 of the 2026 financial year of AU$505m, down from AU$778...

Palomar’s net income rises 60.6% to $56.2m for Q4’25

Posted: Feb 12, 2026

Specialty insurer Palomar Holdings, Inc. has reported a 60.6% rise in net income to $56.2 million fo...

Joe Peiser named CEO of Aon’s Risk Capital

Posted: Feb 12, 2026

Joe Peiser will lead Aon’s Risk Capital capabilities across both Commercial Risk and Reinsuran...