Cincinnati Financial
-
The carrier said ~$170mn of the total expected losses came from the three March storms that affected several US states earlier this year.
-
District Judge Elaine Bucklo granted The Cincinnati Insurance Company’s motion to dismiss the case.
-
The Midwest derecho in late August accounted for about $103mn of the carrier’s quarterly claims tally.
-
Nearly 1,000 insurance disputes over pandemic coverage were filed by the end of July, according to data highlighted by sister title Inside P&C.
-
As many parts of the world start to emerge from lockdown, potential Covid-19 BI claims are yet to be tested.
-
Physical damage requirements should protect the carrier, it argued.
-
The insurer's losses approached 80 percent of the private cat bond's trigger.
Most Recent
-
PFZW’s ILS investments return 11.7% year-to-date
21 October 2024 -
Cat bond volume of $495mn has come to the market
21 October 2024 -
Milton: A proof of concept moment for ILS
21 October 2024 -
CoreLogic pegs Milton insured loss at $17bn-$28bn
18 October 2024