The last several years have brought back catastrophes as a major factor in homeowners reserving. While Florida has gotten much of the press, impacts to other Gulf States such as Louisiana and Texas have also been noteworthy. Texas in particular has borne the brunt of Winter Storm Uri, which will redefine expectations of the potential loss impacts from large freeze events.
Combining with these catastrophe challenges are a range of attritional property trends that produce quite a bit of interest in a traditionally short-tailed line of business. In this session, panelists will take an industry-level view of Gulf Coast property reserving, while also diving into its impacts on the primary companies and reinsurance players navigating today’s market.