
Property
Louisiana incentive programme cuts 50,000 policies from Citizens' book
State lawmakers appropriated $45m in funds for the Louisiana Incentive Programme to match commitments from participating private insurers

Pure names Leitch as chief executive
Former GenRe chief underwriting officer succeeds Buchmueller at helm of high-net-worth specialist

Legal Focus: Covid-19 coverage dispute highlights importance of early decision-making
Strategic decisions made early in a case, including in which forum to file, can influence case-dispositive issues such as the law applied by the court

Canada braces for worst fire season on record
More than 400 wildfires are currently burning across the country

IQUW appoints Noonan as non-executive director
Former Validus chief executive Ed Noonan joins the board of IQUW Holdings Bermuda

California places Crusader Insurance into conservation
Crusader is carrying millions of unpaid claims liabilities and would be burdened by the costs of continued operation, regulators say

Florida regulators approve further Citizens depopulation
Slide Insurance and Loggerhead Reciprocal Interinsurance Exchange will assume up to 26,000 residential policies from the state’s last resort carrier

Arch and Everest lead Bermudians on premium growth
The two groups have achieved strong reinsurance and insurance premium growth this year, aided by property catastrophe and specialty lines, but the wider picture is mixed

Lockton Re hires Cunningham to lead NA property fac
Reinsurance broker taps Liberty Mutual for senior property broking appointment

Ten states sue Fema over new NFIP rating system
Suit claims Risk Rating 2.0 system will force people to drop flood cover, surrender homes to banks and shutter businesses

Allstate joins State Farm in halting new home policies in California
State’s fourth-largest home insurer blames rising cost of wildfires, repairs and reinsurance

Arlene becomes first named storm of Atlantic hurricane season
By late on June 3 Tropical Storm Arlene was downgraded to a remnant low before dissipating north of Cuba
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