USA Focus

Allstate hit with $630m Helene loss

NYDFS issues AI cyber guidance

To help regulated entities with AI threats

California insurance department launches first parametric flood solution

State looks for new ways to tackle climate change impacts

Hurricane Milton insured losses estimated between $30bn to $50bn by Verisk

Most of losses attributed to wind damage

Hurricanes Helene and Milton could cost insurers up to $55bn, says Moody's RMS

Moody's full loss estimate for Hurricane Milton expected later this week

Hurricane Milton insured losses estimated at $30-50bn, says Fitch

Insurers brace for significant wind-related claims but event will not affect credit ratings

Hurricane Milton could exhaust US P&C insurers' natcat budgets

S&P Global Ratings says Milton is poised to be a significant event for the global reinsurance industry

Hurricane Milton's insured losses could hit $100bn, warns insurance investor

Ian Gutterman's prediction is based on a direct hit for Tampa with a secondary big hit on Orlando

Private flood insurance growth stagnates despite NFIP challenges

Private flood insurance growth has stalled despite increasing flood risks in key US states

Hurricane Helene's insured losses could hit $14bn, says Moody's RMS - UPDATED

The loss estimate comes as hurricane Milton prepares to roar into Florida tomorrow

Hurricane Milton poses further devastation risk for Florida

Unusual storm track towards Tampa presents classic "grey swan" event

Insurers warned about AI's long tail risks

Cyber market is beginning to respond, say participants

Hurricane Helene will be earnings not capital event, S&P says

State Farm has biggest exposure to states most hit by hurricane

California's coverage crisis rules leave loopholes for insurers to exploit

Insuring property has changed forever as a result of global warming

Regulators and associations discussed California's insurance crisis at an event in Long Beach