Florida Citizens Property Insurance Corporation will sell $250 million of hurricane coverage to investors in 2013 to recoup some of the cost of covering natural disasters in the state, the insurer said.

Florida Citizens Property Insurance Corporation will sell $250 million of hurricane coverage to investors in 2013 to recoup some of the cost of covering natural disasters in the state, the insurer said.

Nephila Capital, a fund manager that invests in natural catastrophe insurance, is to give a broad range of investors access to reinsurance-linked investments for the first time via the Lloyd's of London insurance market.

Nephila Capital, a fund manager that invests in natural catastrophe insurance, is to give a broad range of investors access to reinsurance-linked investments for the first time via the Lloyd's of London insurance market.

Data aggregator Property Claims Service upped its insured loss estimate from superstorm Sandy to $18.75 billion, leaving investors in a catastrophe bond issued by Swiss Re facing possible losses.

Data aggregator Property Claims Service upped its insured loss estimate from superstorm Sandy to $18.75 billion, leaving investors in a catastrophe bond issued by Swiss Re facing possible losses.

Farmers have spent 20 percent more on agricultural insurance in recent years to protect against crop losses from increasingly frequent bad weather events, according to reinsurer Swiss Re.

Farmers have spent 20 percent more on agricultural insurance in recent years to protect against crop losses from increasingly frequent bad weather events, according to reinsurer Swiss Re.