Atlantic hurricane

Slide Secures Additional $100 Million Cat Bond with Closing of Purple Re Ltd.

Retrieved on: 
Wednesday, July 12, 2023

This is the second cat bond sponsored by Slide this year, following the debut of its $100 million Purple Re 2023-1 cat bond in April.

Key Points: 
  • This is the second cat bond sponsored by Slide this year, following the debut of its $100 million Purple Re 2023-1 cat bond in April.
  • With the latest Purple Re cat bond, Slide secured an additional $100 million to expand its Florida and South Carolina named storm and hurricane reinsurance protection.
  • The additional cat bond protects Slide to the 200 year return period, well above rating agency and regulatory mandates.
  • In addition to the debut cat bond, Slide secured $35 million in additional capital through a senior credit facility with Regions Bank in June.

Universal’s Insurance Subsidiaries Complete 2023-2024 Reinsurance Program

Retrieved on: 
Tuesday, May 30, 2023

Universal Insurance Holdings, Inc. (NYSE: UVE)(“Universal” or the “Company”) today announced the completion by Universal Property & Casualty Insurance Company (“UPCIC”) and American Platinum Property and Casualty Insurance Company (“APPCIC”), the Company’s wholly-owned insurance company subsidiaries, of their combined 2023-2024 reinsurance program, effective June 1, 2023.

Key Points: 
  • Universal Insurance Holdings, Inc. (NYSE: UVE)(“Universal” or the “Company”) today announced the completion by Universal Property & Casualty Insurance Company (“UPCIC”) and American Platinum Property and Casualty Insurance Company (“APPCIC”), the Company’s wholly-owned insurance company subsidiaries, of their combined 2023-2024 reinsurance program, effective June 1, 2023.
  • “We are pleased to announce the completion and outcome of the 2023-2024 reinsurance program for both of our insurance companies,” said Matthew J. Palmieri, Chief Risk Officer.
  • “Reinsurance is one of the cornerstones of our Company and with the support of our global reinsurance partners, we are helping our customers rebuild after Hurricane Ian, as we always do following severe weather events.
  • Ltd, continues to provide one limit of $150 million in this year’s program and is now in its third and final year.

AM Best to Host Briefing on Florida’s Troubled Property Insurance Market

Retrieved on: 
Thursday, May 5, 2022

AM Best will host an analytical briefing on Floridas troubled property insurance market on Thursday, May 19, 2022, at 2 p.m. (EDT).

Key Points: 
  • AM Best will host an analytical briefing on Floridas troubled property insurance market on Thursday, May 19, 2022, at 2 p.m. (EDT).
  • AM Bests Sridhar Manyem and Chris Draghi will join two industry experts to discuss the challenging dynamics within the Florida property insurance market.
  • Kyle Ulrich, president & chief executive officer, Florida Association of Insurance Agents; and
    To register for the complimentary event, please go to AM Best's Briefing - The Florida Property Market in Flux .
  • A recent AM Best commentary noted that Floridas property insurance market is under immense pressure amid elevated reinsurance costs, coupled with higher losses and increased litigation costs.

Episcopal Relief & Development Supports Hurricane Recovery in Western North Carolina

Retrieved on: 
Monday, February 7, 2022

"The Diocese of Western North Carolina has seen an increase in the number of people throughout North Carolina seeking aid for disaster relief in the wake of the pandemic and multiple tropical storms in 2021," said Lura Steele, Program Officer, US Disaster Program, Episcopal Relief & Development.

Key Points: 
  • "The Diocese of Western North Carolina has seen an increase in the number of people throughout North Carolina seeking aid for disaster relief in the wake of the pandemic and multiple tropical storms in 2021," said Lura Steele, Program Officer, US Disaster Program, Episcopal Relief & Development.
  • Tropical Storm Fred was the most destructive storm to hit North Carolina in the 2021 Atlantic Hurricane season.
  • The program will develop and distribute health and disaster safety information in Spanish based on materials created by Episcopal Relief & Development.
  • ABOUT EPISCOPAL RELIEF & DEVELOPMENT:
    For over 80 years, Episcopal Relief & Development has been working together with supporters and partners for lasting change around the world.

The 2021 Hurricane Season is upon us: How will you protect your people, your assets and your organization?

Retrieved on: 
Thursday, July 8, 2021

Boston, July 08, 2021 (GLOBE NEWSWIRE) -- The US has seen its share of devastation from hurricane activity in recent years.

Key Points: 
  • Boston, July 08, 2021 (GLOBE NEWSWIRE) -- The US has seen its share of devastation from hurricane activity in recent years.
  • But then theres the sheer devastationthe loss of everything these families knew and held dear, wiped away in a matter of hours.
  • The somber fact is that the 2021 Atlantic hurricane season is already outpacing 2020.
  • Thirdly, this report gives a contextual overview of previous hurricane seasons, specifically the 2020 season and the security and operational issues caused.

ReadyWise Announces the Launch of Their 2021 Atlantic Hurricane Season Emergency Food Bundles

Retrieved on: 
Friday, June 18, 2021

SALT LAKE CITY, June 18, 2021 /PRNewswire/ -- ReadyWise, a leader in Emergency Food Supplies, announces their 2021 Atlantic Hurricane season bundles release.

Key Points: 
  • SALT LAKE CITY, June 18, 2021 /PRNewswire/ -- ReadyWise, a leader in Emergency Food Supplies, announces their 2021 Atlantic Hurricane season bundles release.
  • The NOAA predicts another above-average hurricane season this year, which is why ReadyWise urges Americans to prepare today for peace of mind tomorrow.
  • ReadyWise has the solution with their 72-Hour Hurricane Kit for only $39.99 and offers a fantastic deal for buy three, get one free family bundle.
  • About ReadyWise: ReadyWise, headquartered in Salt Lake City, UT, is a leader in Emergency Food Supplies.

GEICO Asks: “How Prepared Are You for Hurricane Season?”

Retrieved on: 
Saturday, June 5, 2021

The Atlantic hurricane season extends from June 1 through November 30.

Key Points: 
  • The Atlantic hurricane season extends from June 1 through November 30.
  • The best time to get ready for hurricane season is now while the Tropics remain relatively quiet.
  • For a complete hurricane preparation checklist, log onto GEICO Living , where you can see more additional tips .
  • To speed up your claims process, use GEICO Mobile , log in at GEICO.com or call (800) 841-3000 24 hours a day.

Triple-I Update: Hurricane Season to Have 'Above-Average' Activity

Retrieved on: 
Thursday, June 3, 2021

The Atlantic hurricane season officially started on June 1 and continues through Nov. 30.

Key Points: 
  • The Atlantic hurricane season officially started on June 1 and continues through Nov. 30.
  • Through its Resilience Accelerator and other educational materials, the Triple-I offers numerous hurricane season preparedness tips .
  • CSU predicts 2021's hurricane activity will be about 120 percent of the average season.
  • Additionally, the subtropical Atlantic is much warmer than normal right now, which typically leads to a warming of the tropical Atlantic by the peak of hurricane season beginning in mid-August, fueling tropical cyclone activity."

NASA Scientists Available for Interviews Throughout Hurricane Season

Retrieved on: 
Wednesday, June 2, 2021

June 1 marked the official start of the Atlantic hurricane season, which officially ends Nov. 30.

Key Points: 
  • June 1 marked the official start of the Atlantic hurricane season, which officially ends Nov. 30.
  • Climate change is increasing the heat in the ocean basins and already making it more likely that storms will intensify faster and become stronger, a phenomenon NASA scientists continue to study.
  • Using data from its 20-plus earth-observing satellites, NASA plays a foundational role in the science of hurricanes.
  • Before, during, and after a hurricane or storm makes landfall, NASA satellites are in prime position to identify impacts.

C Spire ready for 2021 Atlantic hurricane season

Retrieved on: 
Tuesday, June 1, 2021

RIDGELAND, Miss., June 1, 2021 /PRNewswire/ --C Spire's bolstered network and highly-trained staffis ready to respond to emergencies and widespread natural disasters if they occur this summer during the 2021 Atlantic hurricane season.

Key Points: 
  • RIDGELAND, Miss., June 1, 2021 /PRNewswire/ --C Spire's bolstered network and highly-trained staffis ready to respond to emergencies and widespread natural disasters if they occur this summer during the 2021 Atlantic hurricane season.
  • "As we saw with a record year in 2020, it remains critically important that everyone prepares for the upcoming hurricane season," said Carla Lewis, Chief Technology Officer for C Spire.
  • Lewis said all C Spire employees and contractors, along with an extensive suite of network resources, will be on "high alert" throughout the 2021 hurricane season, which begins June 1 and runs through Nov. 30.
  • For more information about C Spire, visit www.cspire.com or follow us on Facebook at www.facebook.com/cspire or Twitter at www.twitter.com/cspire .