Insured losses from March storms in the United States are likely to surpass $1 billion, Aon said in its monthly Global Catastrophe Recap.
Total global reinsurance capital stood at US$658 billion at year-end 2020, reflecting 7% year-on-year growth, according to a report by Willis Re.
The average homeowners insurance premium was $1,249 in 2018, up by 3.
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The Wholesale & Specialty Insurance Association (WSIA) has announced the appointment of three new members of its board of directors.
The Federal Emergency Management Agency (FEMA) last week unveiled details of Risk Rating 2.