R Street Institute

Real Solutions

Early Isaac Loss Estimates In; State Farm and Allstate Most Exposed

Aug 29, 2012
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originally published in PropertyCasualty360
From PropertyCasualty360:

According to R Street, Isaac could be the first hurricane to trigger a catastrophe bond issued by a state-run insurer. The $125 million Pelican Re bond, issued by the Louisiana Citizens, would be triggered if the storm produces more than $200 million in insured losses.

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