Weather
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The CCRIF has paid out $265mn since its inception in 2007. -
A total of 10 events caused more than $1bn in losses each.
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Tornados in the first six months of the year in the US were slightly above the 27-year average.
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Fort Lauderdale Hollywood airport was forced to close as a result of the flooding caused by the 25 inches of rain that fell on Wednesday and Thursday.
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The issuance is replacing $400mn of cat bond coverage placed in early 2020.
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The state is contending with flash flooding, mudslides, rockslides, power outages and high winds.
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Landslides, avalanche risks and submerged highways are just some of the extreme consequences of the storms.
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The city of Buffalo in New York state was worst impacted, but power was also knocked out in areas stretching from Maine to Seattle.
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A special session in December and prohibition of assignments of benefits have been cited on the Florida campaign trail.
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The storm, currently 285 miles south of Charleston, is expected to make landfall as a hurricane on Friday.
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Georgia, Virginia and the Carolinas have declared a state of emergency as the storm moves north.
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The storm has sped up considerably over the past six hours.
Most Recent
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Hiscox Re & ILS allocation redeemed by Future Fund
30 November 2023 -
Hamilton Re seeks $150mn of retro coverage
30 November 2023