Insured losses due to natural catastrophes down 38 percent in 2014, according Impact Forecasting, Aon Benfield’s catastrophe model development team. The Annual Global Climate and Catastrophe Report, released this week, evaluates the impact of the natural disaster events that occurred …
Kansas voters have elected Republican Ken Selzer, an executive managing director at reinsurance broker Aon Benfield, as the state’s new insurance commissioner. He defeated Democrat Dennis Anderson by a vote of 62 percent to 38 percent, according to the Kansas …
The latest edition of the monthly Global Catastrophe Recap, released by Impact Forecasting, report reveals that Super Typhoon Rammasun caused more than $6.5 billion in economic damage. The storm, which made separate landfalls in the Philippines and China, caused widespread …
In 2013, there were 296 separate natural disaster events that produced total economic losses of $192 billion – four percent below the 10-year average of $200 billion, but above the average 259 events, according to a report by global reinsurance …
September was an active month for natural disaster around the globe, according to Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, released the latest …
Even a major disaster would be unlikely to push up reinsurance prices given the amount of capital currently available to back policies, said Richard Ward, chief executive officer of Lloyd’s of London. “What is going to change the rate movement? …
Billion-dollar flood losses were recorded in China, Russia, Philippines and Pakistan during August, causing an initial combined estimate of $10 billion in economic losses, according to Impact Forecasting’s latest edition of its monthly Global Catastrophe Recap report, which reviews the …
A certified public accountant from Leawood who’s also an insurance industry executive launched a campaign Wednesday for the Republican nomination for Kansas insurance commissioner. Ken Selzer announced that he’s running for the regulatory position, and he’ll face at least two …
The United States were impacted by several severe windstorm events during the month of May, including Moore, Okla., where a catastrophic EF-5 tornado killed 24 people, injured 387 others, and damaged or destroyed up to 13,000 homes and structures. Total …
Late-season winter weather affected much of Europe throughout the month of March. At least 30 fatalities were reported across the continent and early total economic loss estimates stood at $1.8 billion, including $914 million for France alone. Impact Forecasting, the …