News & Analysis as of

Reinsurance Natural Disasters

McGlinchey Stafford

Insurance Industry: Reflections on 2022, Predictions for 2023

McGlinchey Stafford on

For many in the insurance industry, 2022 was a year of growth, a year dedicated to gaining traction after the residual effects of 2020. As we enter 2023, we reflect beyond the macro dynamics of other markets, in hopes of...more

Goldberg Segalla

Gov. DeSantis Signs Sweeping Legislation to Alleviate the Pressure from Skyrocketing Insurance Costs in Wake of Hurricane...

Goldberg Segalla on

Key Takeaways - Changes to property insurance and reinsurance signed into law on May 26 create the Reinsurance to Assist Policyholders program (RAP), which is backed by $2 billion and seeks to assist insurance companies...more

Zelle  LLP

Climate Change for Insurers: When Politics Fail, Flood the Courts

Zelle LLP on

This article follows on from a series of previous articles seeking to address climate change litigation in the context of insurance and reinsurance. Three different, but important, decisions in December 2019 have once again...more

Zelle  LLP

[Webinar] Managing Insurance Claims in the Wake of Catastrophes - July 22nd-26th, 10:00am CT, 16:00 GMT

Zelle LLP on

Zelle LLP invites you to join us for a week of webinars featuring insurance topics that are of critical importance to adjusters and insurance professionals. This series will cover managing insurance claims in the wake of...more

Locke Lord LLP

NAIC International Insurance Forum Wrap-Up

Locke Lord LLP on

The NAIC International Insurance Forum held May 14 – 15 in Washington, D.C. brought together distinguished panelists and speakers providing insight on several insurance topics of interest. A discussion of several of these...more

Zelle  LLP

Will Reinsurers Sustain a Direct Hit From Hurricane Harvey?

Zelle LLP on

While predictions and analyses abound regarding the potential hit from Hurricane Harvey direct insurers may take, the potential impact to reinsurers has received considerably less attention. In the aftermath of this historic...more

Locke Lord LLP

Harvey’s Slow Pace May Spur Reinsurance Disputes over “Hours” Clauses

Locke Lord LLP on

The residents of Texas and Louisiana have begun to assess the scope of damage caused by Hurricane Harvey. On August 25, 2017, the storm made landfall near Rockport, Texas, as a Category 4 Hurricane. The next day, the storm...more

Pullman & Comley, LLC

Title Bout: Second Circuit Limits Parties’ Control Over Construction Of Policies

Pullman & Comley, LLC on

Like other contracts, insurance policies are divided into parts, and most of the parts appear under headings or captions. A separate contract term (known as a “titles clause” or a “headings clause”) sometimes specifies that...more

Zelle  LLP

Natural Disasters in Latin America: Reinsurance Issues

Zelle LLP on

According to initial reports, Hurricane Patricia didn't end up causing nearly the damage that the world’s most powerful hurricane could have caused. It is a good reminder, however, for reinsurers of how sudden and...more

Zelle  LLP

Hurricane Sandy's Civil Authority Issues Bear Watching by Reinsurers

Zelle LLP on

As both insurers and reinsurers are well aware by now, the destructive path left by Hurricane Sandy in many Northeast states such as New York, Connecticut, and New Jersey was devastating. To date, reports have estimated...more

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