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An earthquake of magnitude 8.1 struck off the southern coast of Mexico late on Thursday, Sept. 7, killing at least two people, and triggering small tsunami waves and damaging some buildings, according to a Reuters Sept. 8 report. 8 September 2017
Insurance
The Florida homeowners’ market which may be hit by Hurricane Irma on Sunday Sept. 10 is dominated by smaller, more regional insurers, according to research firm CreditSights. 8 September 2017
Insurance
The US Congress should pass a short-term extension to ensure that the National Flood Insurance Program (NFIP) is available to pay claims and process new policies in flood zones such as in Hurricane Harvey impacted areas, lobby group SmarterSafer said on Sept. 7. 8 September 2017
Insurance
Validus Holdings subsidiary Validus Specialty Underwriting has expanded the capacity of its Political Risk Insurance (“PRI”) binding authority from its New York office at renewal. 7 September 2017
Insurance
Specialist re/insurance broker BMS Re US has appointed Paul Knutson as executive vice president, based in the company’s Minneapolis office. 7 September 2017
Insurance
Investors fear that a major hurricane hitting Miami area could lead to around $100 billion or higher industry losses, analysts wrote in a Sept. 6 Morgan Stanley research note. 7 September 2017
Insurance
Property losses from the flooding in Texas caused by Hurricane Harvey’s record-breaking rainfall will reach between $65 billion and $75 billion, according to estimates by catastrophe modelling firm AIR Worldwide. 7 September 2017
Insurance
Markel International is set to acquire UK-based specialist insurer for the contracting sector EC Insurance (ECIC). 7 September 2017
Insurance
Lloyd’s broker Endeavour Insurance Services entered a partnership arrangement with claims consultancy firm Advent Claims to support London Market coverholders operating in Canada. 7 September 2017
Insurance
Private reinsurers should be far more exposed to a Hurricane Irma loss event than the primary insurers, according to a Sept. 5 Credit Suisse equity research note. 6 September 2017
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