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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

United States Property

Pure names Leitch as chief executive

Former GenRe chief underwriting officer succeeds Buchmueller at helm of high-net-worth specialist

North America Property

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

North America Legal focus

Canada braces for worst fire season on record

More than 400 wildfires are currently burning across the country

Canada Property

IQUW appoints Noonan as non-executive director

Former Validus chief executive Ed Noonan joins the board of IQUW Holdings Bermuda 

Bermuda People moves

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

United States Regulation

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

United States Property

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

Bermuda Reinsurance

Lockton Re hires Cunningham to lead NA property fac

Reinsurance broker taps Liberty Mutual for senior property broking appointment

North America Property

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

United States Property

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

United States Allstate

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

North America Property
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