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

Newly launched Pinion hires Fortegra’s Kyle Selvig as US CUO

Posted: Feb 19, 2026

Pinion Insurance, a newly formed specialty insurance carrier, has announced the appointment of Kyle...

Lemonade reports 28% net loss improvement and 53% revenue growth for Q4’25

Posted: Feb 19, 2026

Lemonade, an AI-powered digital insurance company, has announced its fourth quarter of 2025 financia...

SageSure and SURE close record-breaking $670m cat bond

Posted: Feb 19, 2026

SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed property in the US, an...