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

M&A activity could reduce cyber market capacity: Marsh’s Konyar

Posted: Nov 28, 2025

Recent mergers and acquisitions (M&A) among major re/insurers are creating “seeds of concern” fo...

NFP names Gillingham Head of Commercial Risk, Mahoney Head of Programs

Posted: Nov 28, 2025

NFP, an Aon company and prominent provider of property and casualty (P&C) brokerage and benefits...

Silent AI risks drive product development and reinsurance review: DAC Beachcroft

Posted: Nov 28, 2025

The risk of silent AI is prompting insurers to update policy wordings, innovate products, limit risk...