Public finance

Moody's believes Florida will sell bonds to help replenish the CAT fund this spring.

MMA says some risky-sector issuers in the area hit hard by the hurricane may be pushed into technical or payment defaults.

California and Oregon are experiencing yet another record-setting year of wildfires amid increasing uncertainty about FEMA and property insurance backstops.

A rapidly escalating fire season hit the West amid questions about federal funding and insurance.

To meet the ambitious goals of the Environmental Protection Agency's Greenhouse Gas Reduction Fund, innovative financing models can be adapted from established municipal finance systems.

Assured's controlling vote is "important to investors who were reassured to hear that there would be a large sophisticated party with a significant economic interest in the success of the project," the insurer said.

Extreme weather could aggravate growing property insurance pressures on governments.

Insurance companies and banks have collectively reduced their municipal bond holdings by $102 billion, or 10% in just nine months in 2023.

Citizens Property Insurance Corp. reported that private insurance companies assumed 650,399 policies from the state's last-resort carrier in 2023.

The top two municipal bond insurers wrapped $22.814 billion in the first three quarters of 2023, a slight dip of 0.5% from the $22.929 billion of deals done over the same period in 2022, according to Refinitiv data.

"The main climate factors expected to influence the 2023 Atlantic hurricane activity are the ongoing El Nino and the warm phase of the Atlantic Multi-Decadal Oscillation, including record-warm Atlantic sea surface temperatures," said NOAA's Matthew Rosencrans.

Officials are assessing the damage wrought by the worst floods to hit the state since Hurricane Irene. Since then, the state has spent millions to climate-proof infrastructure.

The Florida Insurance Guaranty Association is getting ready to head back to the market next week with a variable-rate bond deal after successfully selling fixed-rate bonds last week to help fund claims from insolvent insurance companies.

The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million in the municipal bond market.

Digital Insurance research finds an industry preparing for economic headwinds, but focused on the customer.

The two main insurers, Assured Guaranty Municipal Corp. and Build America Mutual, accounted for $17.132 billion of deals in the first two quarters compared to $18.794 billion a year earlier.

As 2022 gets under way, insurers have opportunities to boost their visibility beyond simply increasing their marketing spending.

Celent finds the two most important corporate goals impacting 2021 tech plans are growth and process optimization.

The trend toward accelerating digital interaction development is happening, but it's not coming with a lift in financial resources.

Remote processing and customer service investments are up, according to new research from Celent.