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NormanMax launches residential parametric hurricane cover

Parametric specialist NormanMax Insurance Solutions has expanded its offering beyond commercial insurance and reinsurance as it launches a parametric hurricane product for US consumers, Parametric Insurer can reveal.

Munich Re proposes FloodFlash policy for Isleton City community flood cover

Isleton City in California is considering a proposal from Munich Re to use FloodFlash’s sensor technology for its community-based flood insurance program, Parametric Insurer can reveal.

Swiss Re CorSo parametric claims expected from Milton after recent payouts

Parametric insurance policies from Swiss Re Corporate Solutions have been triggered by recent tropical cyclones Bebinca, John and Helene, with payouts also expected from Hurricane Milton, Parametric Insurer can reveal.