PERILS’ Final Windstorm Andrea Loss Cost is $438 Million

January 4, 2013Email ThisPrintNewslettersTweetArticleComments

PERILS, the Swiss-based cat modeling firm, has announced that its fourth and final loss report for windstorm Andrea, which affected the UK and Western Europe from 4 to 5 January 2012, is estimated at

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Rate Hike Proposal Sent to Board of Texas Windstorm Insurer

April 27, 2012Email ThisPrintNewslettersTweetArticleComments

In advance of the start of hurricane season, the actuarial underwriting committee of Texas’ property insurer of last resort for coastal counties is recommending a rate increase.

The committee on April 20 voted for a proposal that the board of directors of the Texas Windstorm Insurance Association file for an overall rate increase of 4.7 percent that would become effective on Oct. 1. The rate increase would vary somewhat within TWIA’s coastal territories

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