Catastrophe Risks

The cost of extreme, or catastrophic, professional liability claims is increasing at a rate higher than typical self-insured claims, which are trending at 2 percent annually, according to the AON/American Society for Healthcare Risk Management Hospital and Physician Professional Liability Benchmark report. Read More

Although Florida's insurance market-share leaders possess strong levels of risk-adjusted capitalization that should provide a buffer against Hurricane Michael losses, insurers, reinsurers, and insurance-linked securities investors could face significant losses, according to a new A.M. Best briefing. Read More

Fitch Ratings expects Hurricane Florence to result in substantial insured losses from water-related claims, which are likely to be incurred by the National Flood Insurance Program (NFIP), private flood insurers, and auto insurers, with a modest level of losses ceded to the traditional reinsurance and insurance-linked securities markets. Read More

Around half of insurance industry practitioners see the risk of "silent cyber" exposure-potential cyber-related losses due to silent coverage from insurance policies not specifically designed to cover cyber risk-as growing over the coming year. Read More

An A.M. Best briefing said most reinsurers will experience losses from Hurricane Florence due to the highly syndicated nature of property catastrophe business, and the potential exists for losses to impact alternative capacity on a reinsurance and retrocessional basis as its participation in the sector has increased year over year. Read More