MMC says economic crisis has cut readiness for hurricanes
A panel of MMC experts from Marsh, Guy Carpenter and Oliver Wyman has said the economic crisis has affected the insurance industry’s ability to manage severe hurricanes.
1 June Florida property-catastrophe reinsurance renewal rate rises will be slightly higher than the 13% to 14 % at 1 April.
With the price of oil and natural gas dramatically lower, cash flows are severely restricted and insurance coverage for hurricane damage to the oil industry is limited compared to a year ago. That could translate into significantly longer repair periods, which could cut production volumes and domestic oil and natural gas supplies.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
