Tag: Hurricanes

Activity, Insurance

Over $115M in Federal Flood Insurance Paid in Louisiana for 2020 Hurricanes

February 2, 2021

Via: Insurance Journal

As of Feb. 1, the National Flood Insurance Program (NFIP) has paid out more than $115 million in flood claims in Louisiana in response to the 2020 hurricane season. FEMA reported that 35% of Louisiana NFIP flooding claims came from […]

Activity, Insurance

ProSight Specialty Insurance Reports Excellent Third Quarter 2017 Financial Results

October 25, 2017

Via: PR Newswire

MORRISTOWN, N.J., Oct. 25, 2017 /PRNewswire/ — ProSight Specialty® Insurance, a leading differentiated specialty insurer, today reported financial results for the third quarter ended September 30, 2017. GAAP Year-to-Date Highlights Pre-tax profit for the US-Produced business improved by $30.1 million […]

Activity, Insurance

Hardened Market, Higher Insurance Pricing Expected as a Result of Recent Hurricanes: KPMG Survey

September 14, 2017

Via: PR Newswire

NEW YORK, Sept. 14, 2017 /PRNewswire/ — A KPMG survey of more than 300 senior insurance executives found that 44 percent of respondents expect the property market to harden in the short-term, with reduced supply and higher premiums, as a […]