Reinsurance

The storm shifted to Floridas Gulf Coast over the weekend, sparing Miami a direct hit and prompting risk modeler AIR Worldwide to say the maximum cost for insurers on Irma is $40 billion.

Hurricane Irmas westward shift will probably inflict heightened damage on people and businesses unable to adjust to its new path in time, while the storm fuels floods that many insurance policies dont cover.

According to the author, the U.S. has had decades of well-intentioned, but deeply flawed, federal flood and disaster relief programs.

According to the author, the U.S. has had decades of well-intentioned, but deeply flawed, federal flood and disaster relief programs.

Hurricane Irma smashed into Florida as a powerful Category 4 storm, driving a wall of water and violent winds ashore and marking the first time since 1964 the U.S. was hit by back-to-back major hurricanes.

Now in its 11th year, the Entrepreneurial Insurance Symposium brings together P&C insurance professionals to explore innovation.