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Insurance
A major magnitude-7.1 earthquake struck Mexico on Tuesday, September 19, shortly after the M8.1 earthquake hit the Mexican state of Chiapas on September 7. 20 September 2017
Insurance
Hurricane Maria is set to hit the same Caribbean/Puerto Rican insurers which have already been impacted by Hurricane Irma, AM Best said in a Sept. 19 report. 20 September 2017
Insurance
Hurricane Harvey demonstrates the need for catastrophe modelling to move beyond property losses, said Russell Group managing director, Suki Basi. 19 September 2017
Insurance
Homeowners’ re/insurance provider HCI Group said on Sept. 19 that its unit Homeowners Choice Property & Casualty Insurance Company received regulatory approval to write flood insurance in Texas. 19 September 2017
Insurance
As Hurricane Maria follows a similar path as Hurricane Irma that hit Florida on Sept. 10, investors are discounting book value hits on property/casualty stocks that are worse than the losses so far seen in the hurricane season, Credit Suisse said in a Sept. 18 analyst report. 19 September 2017
Insurance
Specialty insurer Navigators has appointed Charles Juarbe as head of Latin America and the Caribbean for NavPro as part of its expansion plan for the unit. 19 September 2017
Insurance
Hurricane Irma has so far triggered more than 335,000 claims amounting to $2 billion, according to the Florida Office of Insurance Regulation. 19 September 2017
Insurance
Hurricane Maria, the second major storm to hit the Caribbean this month, crept toward the US Virgin Islands and Puerto Rico after it ripped through the small island nation of Dominica, causing widespread devastation, according to a Reuters report. 19 September 2017
Insurance
Homeowners’ re/insurer HCI Group said on Sept. 18 that it estimated losses related to Hurricane Irma in the range of $100 million to $300 million for its principal operating subsidiary Homeowners Choice Property & Casualty Insurance Company. 18 September 2017
Insurance
Combined industry insured losses for Hurricane Irma for the US and the Caribbean will range from $32 billion to $50 billion, according to estimates from catastrophe modelling firm AIR Worldwide. 18 September 2017
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