US insurer Allstate has confirmed its pre-tax loss from hurricane Milton at $102 million, at which level it seems possible the Sanders Re II Ltd. (Series 2024-2) catastrophe bond may face a loss, while the companies year-to-date pre-tax catastrophe losses have reached $4.84 billion after October.Previously, Allstate had reported an initial estimate for its hurricane Milton losses at $100 million, at which level we highlighted that the lowest sitting, in the reinsurance tower, of the carriers Florida-focused Sanders Re catastrophe bonds could trigger and pay out.
The $74.5 million Sanders Re II Ltd. (Series 2024-2) cat bond was relatively privately placed and featured a single tranche of...
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The affordable housing community, specifically HUD Section 202 for elderly housing, is experiencing an avoidable crisis. This crisis originates from the expanded scope of service and responsibility placed upon affordable housing organizations by the U.S. Department of Housing and Urban Development (HUD). HUD Section 202 for elderly subsidized housing specifically states that the program provides options to allow seniors to age in their community by providing independent elderly living in an environment that offers support for community-based services, such as cleaning, cooking, and transportation (Perl, 2010). Yet HUD’s most recent Minimum Property Standards for Multifamily Housing handbook states that all elderly multifamily communities must...
As some of you may have heard, Sublimity Insurance, a well-loved Oregon-based insurance company, has made the tough decision to step back from offering...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
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Affordable housing developments are a critical component of building a strong economy, and the need for affordable housing today is urgent. According...
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With the U.S. Food and Drug Administration’s emergency use authorization of the first COVID-19 vaccination, many organizations are wondering when their employees...
US primary insurer Allstate has reported that its pre-tax catastrophe losses for the third-quarter of 2024 reached $1.7 billion, with $630 million of that...
Hurricane Milton is estimated to have caused total insured losses of between $17 billion and $28 billion, CoreLogic has said, with this figure including...
Aspen Capital Markets, the third-party and alternative reinsurance capital management unit of global re/insurer Aspen, continued to increase its assets under management in the...
A side business is a great way to make extra money or pursue your passion before building it into a full-time career. If you are considering starting a side business or are already successful in an endeavor, it is...
Health insurance helps provide individuals and families access to care and can make a difference between illness and health. In the U.S., there are about
327 million people, most of whom have private health insurance. If you need to...
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This past week has been marked by significant developments in the United States, highlighted by President Donald Trump's conclusive electoral triumph, along with a...
Insurance is one of the most important investments you can make to protect your business financially. However, not all business owners know whether they...
Florida workers compensation exemption rules play a crucial role for business owners navigating state insurance requirements. If you’re running a business in Florida, you...
The National Day Rally (NDR) is a significant event in Singapore’s political calendar, where the Prime Minister outlines the government’s vision for the future and announces key policy initiatives.
In 2024, Prime Minister Lawrence Wong delivered his first rally, highlighting...
When working with a health insurance broker, you may have questions about your network coverage when viewing potential PPO plans. In short, any care you receive in-network will be considerably cheaper than the care you receive out-of-network. Out-of-network physicians and...
The Michigan No-Fault medical fee schedule imposes restrictions on reimbursement rates for medical care providers who care for and treat car accident victims. Although the law empowers providers to charge a “reasonable amount” for their care, any amount that...
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Affordable housing developments are a critical component of building a strong economy, and the need for affordable housing today is urgent. According to the National Low Income Housing Coalition’s 2022 Report, the U.S. is facing a shortage...
Last Updated on January 17, 2022 by adminGenuine small holiday letting businesses in England to be protected by closure of second home tax loopholeOwners of second homes in England who abuse a tax loophole by claiming their often-empty properties...
Life insurance can be a valuable part of your business plans.
We recognize and expect changes in the economy, but the uncertainty of those changes calls us to be vigilant in our business continuation...
(From left to right: Michael F. Thomas, Executive Vice President, Glenn Insurance; Susan Sykes, Senior Commercial Lines Underwriter, Glenn Insurance; Tim Glenn, President, Glenn Insurance; Claudia Ratzlaff, CEO, Avanzar; Cheryl Tamasitis, Associate Vice President, Nationwide; and Ross Setlow, Territory...
Sharing a meal from the grill is a great way to kick off the summer this holiday weekend.
Memorial Day traditionally marks the beginning of summer: time to grill on the patio, take the...
Last Updated on April 6, 2022 by adminIn response to the Covid-19 pandemic, the hospitality and tourism industry have pulled together to produce protocols across all sectors, including specific Covid-19 Holiday Let Cleaning Guidance for self-catering properties. The Covid-19...
Last Updated on November 19, 2021 by adminBoshers has donated its £3,750 grant from Ecclesiastical Insurance to The 2 Minute Foundation. The funding will help achieve their aims to see a world without plastic litter and pollution and to...
Last Updated on January 25, 2021 by admin
There has been much media coverage of the Supreme Court Judgement made on the 15th January 2021 regarding the FCA Test Case involving some insurers business interruption wordings. Understandably this has caused...
Last Updated on March 17, 2021 by adminTemporarily Closed Holiday Letting Properties – Updated 17th March 2021We appreciate the significant impact that government measures to control the spread of the coronavirus is having on all businesses, not least self-catering...
Last Updated on July 2, 2024 by adminA review into the effect of short-term holiday lets aims at improving the holiday letting market for those living in popular tourism destinations.Call for evidence aims to understand impact of increase in...
You can control some aspects of your insurance costs. Your independent agent can help.
Much like the price of groceries and gasoline, insurance premiums are increasing. Especially if you haven’t had a claim, you...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Managing your prescription drug costs is an essential part of your healthcare plan, and Medicare Part D can help with that. However, navigating the details of Part D coverage can be confusing, especially with the changes happening in 2025....
Disability insurance may not be a topic that comes to mind often, but it plays a vital role in safeguarding your financial security. Unexpected health challenges or accidents can happen to anyone, causing a significant impact on your ability...
Paul Holba, Senior Vice-President and CIO of Empire Life Investments Inc. discusses some of the key themes the investment team will monitor as we head into the second half of 2024.
https://www.youtube.com/watch?v=A5AamwwfkbY
Hello, I'm Paul Holba, Senior Vice-President and Chief Investment...
April is Alcohol Awareness month, bringing attention to the devastating impact of impaired driving. It's alarming that 32 lives are lost daily in the U.S. due to crashes involving alcohol-impaired drivers. By planning ahead and utilizing the plethora of...
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}This week's featured customer car is a little red Corvette. This 1998 convertible Corvette is a beautiful example of America's modern muscle car. McElhinny Insurance Agency insures all types of...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
At CH Insurance, COLLABORATION stands at the forefront of our values, a key part of the team's foundation. "It supports everything we do," explains Joe Convertino, Jr., President of CH Insurance. "Both our clients and carrier partners can trust...
Whether you’re a business owner trying to find the best healthcare plan for your employees, or you are simply in the market for a health insurance plan, utilizing the services of a broker can save you money and time....
According to the US Chamber of Commerce, entrepreneurship is booming in the United States. The number of new small business applications filed in 2023 totaled 5.5 million, an 8.1% annual increase and the largest number of applications ever recorded...
In recent years, there has been a notable increase in the number of Singaporeans seeking professional help for mental health issues. In 2023 alone, the prevalence of mental issues rose 15% from 13.4 in 2020, with as much as...
As long as there have been superheroes, there have been super suits. The suit’s original purpose was to distinguish the superhero from the average person on the street and to give them a brand of their own. When the...
This past week has been marked by significant developments in the United States, highlighted by President Donald Trump's conclusive electoral triumph, along with a policy adjustment from the Federal Reserve, which elected to reduce the overnight interest rates by...
