In keeping with the administrators of the Florida Hurricane Catastrophe Fund (FHCF), losses to the fund that gives a reinsurance-like reimbursement for a portion of residential property insurers’ hurricane losses…
The town council in Payson, Arizona, rescinded its Aug. 21 approval of $70 million of tax-exempt bonds within the wake of ongoing litigation and opposition to the debt sale from…
Fitch Rankings Director Tammy Gamerman said the long-term increase in frequency and intensity of hurricanes could hinder Florida’s economic growth. Hurricane Milton caused more damage that may require reimbursement from…
We’ve learned that insurer USAA is aiming to upsize its latest catastrophe bond to supply $450 million of occurrence reinsurance protection, up from the initial $325 million goal, while at…
Municipals were little modified Friday ahead of every week of virtually no supply as all eyes turn to the election and macroeconomic policy. U.S. Treasury yields rose and equities ended…
Already in 2024, the dollar amount of latest Rule 144A property catastrophe bonds issued and settled has reached the second-highest level on record, with almost $12.8 billion in accomplished property…
Munis were little modified within the last session of the month and few deals of size priced, while muni mutual funds saw inflows overall but high-yield saw the primary outflows…
Some investors have began to experience advantages from the outperformance of investments within the private reinsurance segment in comparison with catastrophe bonds, after softening of pricing had been seen within…
Chicago Mayor Brandon Johnson speaks on the Democratic National Convention earlier this yr. Johnson on Wednesday unveiled his fiscal yr 2025 budget proposal. Bloomberg News Chicago Mayor Brandon Johnson on…
In line with Aon’s Reinsurance Solutions division, combined industry losses from hurricanes Helene and Milton are expected to fall inside a variety of $34 billion to $50 billion, at which…