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Adam Kovac

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Adam Kovac is a reporter living in New York City. Originally from Montreal, he has worked as a journalist at Semiconductor Engineering, The Messenger, The Forward, and CTV News. His freelance work has appeared in publications that include USA Today, National Geographic, Rolling Stone, Gizmodo, and Esquire.

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Catastrophe losses

SCS insured losses total $42bn so far in 2025: Moody’s

The peril has been historically difficult to model compared to others.

Adam Kovac, 21 November 2025
Catastrophe losses

Quiet wind season leads Q3 cat loss ratios to drop across the board

Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.

Adam Kovac, 20 November 2025
Catastrophe losses

Hurricane Melissa strengthens to Category 5 as it nears Jamaica

A US landfall is not expected, but the storm could hit the Bahamas by Friday.

Adam Kovac, 27 October 2025
Catastrophe losses

Possibility of lower interest rates a hedge over cat bond growth: Aon

The volume of property cat aggregates placed grew 50% in 2025.

Adam Kovac, 05 September 2025
Catastrophe losses

Average annual insured property loss rises to $152bn: Verisk

The data modeling firm said losses previously averaged $132bn annually.

Adam Kovac, 02 September 2025
Regulation

American Coastal, Typtap, Sutton hit by Florida insurance regulator fines

The violations included not using propertly appointed adjusters and failing to pay claims.

Adam Kovac, 29 August 2025
Catastrophe losses

Quiet Q2 for cat events results in lowest insured loss ratios for five years

After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.

Adam Kovac, 28 August 2025
Commercial Lines

Progressive’s reinsurance coverage reached $2.2bn in Q2 2025

The company also purchased $15mn of SCS parametric coverage.

Adam Kovac, 05 August 2025
Regulation

KCC’s wildfire cat model gets approval from California regulators

The model becomes the second in the state to get approval to affect ratemaking applications.

Adam Kovac, 31 July 2025
Reinsurance

Fees ‘reset to normal’ one quarter on from fires: RenRe

Reserve releases helped to recapture deferred fees.

Fiona Robertson, 24 July 2025
Catastrophe losses

H1 2025 costliest first half since 2011: Gallagher Re

The US accounted for 92% of all global insured losses for the period.

Adam Kovac, 16 July 2025
Commercial Lines

No windstorm rate adjustment needed for 2025 in Texas: Twia committee

State legislation has led to major strides in rate adequacy.

Adam Kovac, 14 July 2025
Catastrophe losses

Climate change may bring on a nearly 50% rise in hurricane losses: MS Amlin

Category 4 and 5 storms could become more common and hit further north.

Adam Kovac, 14 July 2025
Catastrophe losses

CSU gives 2025 hurricane season forecast a slight downgrade

Despite predicting fewer hurricanes, the numbers are still above average.

Adam Kovac, 09 July 2025
Reinsurance

Citizens secures $4.49bn in reinsurance coverage

The cost comes in at $530.6bn, roughly $20mn lower than budgeted.

Adam Kovac, 23 June 2025
Catastrophe losses

Allstate posts $777mn in cat losses for May, Progressive reports $275mn

Allstate attributed the bulk of its losses to three major wind and hail events.

Adam Kovac, 18 June 2025
Catastrophe losses

Elevated risk expected for 2025 NA wildfire season: Burns & Wilcox

Up to nine million acres of US land are considered likely to burn.

Adam Kovac, 30 May 2025
M&A

Travelers sells most of Canadian P&C business to Definity for $2.4bn

The deal leaves premier surety as Travelers' sole Canadian portfolio.

Adam Kovac, 28 May 2025

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