Hurricane Ian Projected to Cause Historic Losses for Insurers September 29, 2022 By Jim Sams Experts predicted insured losses from Hurricane Ian could earn it a spot as one of the costliest natural disasters in...
Reinsurers Point to Climate Change as Insured Catastrophe Losses Surpass $30B for Half Year August 3, 2022 By Claims Journal staff An earthquake in Japan, flooding in Australia and winter storms in Europe were among catastrophes that caused more than $30...
Viewpoint: War in Ukraine Hitting Solar and Wind Electric Power Sources May 31, 2022 By Thomas Johansmeyer The conflict in Ukraine has the potential to become an industry-defining event for the global renewables re/insurance sector. In addition...
S&P Global Says Russia-Ukraine Insurance Losses Could Reach $35 Billion March 31, 2022 LONDON — S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings...
Japan Earthquake to Cost Insurers Between $2B and $4B – Verisk March 24, 2022 The powerful earthquake that jolted Japan’s northeast coast last week is expected to cause insured property losses between $2 billion...
Woman Gets 5-Year Term for Police Car Fires in 2020 Protest March 3, 2022 By Gene Johnson SEATTLE (AP) — A woman who torched five Seattle police cars during a tumultuous protest that heralded a summer of...
Climate Change ‘Steroid’ Contributed to $130B in Insured Losses Last Year-Aon January 25, 2022 LONDON–Climate change played a part in insured losses from natural catastrophes that totalled $130 billion globally in 2021, the fourth-highest...
Texas Insurers Sue ERCOT, Power Generators Over Damages From Deep Freeze January 10, 2022 By Jim Sams A lawsuit filed by 131 insurance companies alleges that negligence by the organization that operates Texas’ electrical grid and power...
KC&C Says Colo. Wildfire Caused $1 Billion in Insured Losses January 5, 2022 The wildfire that ignited on Dec. 30 in Boulder County, Colorado destroyed 1,000 structures and caused insured losses of about...
COVID-19 Loss of $44B Is 3rd Largest Catastrophe Cost to Insurers – Howden January 4, 2022 LONDON–Insured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind...