Reinsurance

Climate and catastrophe risk experts are concerned about increased extreme weather risks and seismic activity. Here are ways you can make sure you have the right coverage.

2015 was an eventful and significant year for the insurance industry.

Reinsurance companies have been struggling to keep their pricing power in a multi-year price decline driven by an over-supply of reinsurance capacity and weaker demand from insurers.

Kevin McCarty survived eight hurricanes, a near collapse of the state's Homeowners' market and major changes in health insurance.

Costs from natural catastrophes fell last year to the lowest level since 2009.

The estimated total premium for 2015 is $167 million, which is a 3% drop from $172 million in 2014.