KCC Projects Hurricane Ian Losses Will Top $60 Billion September 30, 2022 By Jim Sams Catastrophe modeler Karen Clark & Co. said Friday that Hurricane Ian will generate nearly $63 billion in losses to private...
Insurers Brace for Hit from Florida’s Costliest Storm Since 1992 September 30, 2022 By Noor Zainab Hussain Insurers are bracing for a hit of between $28 billion and $47 billion from Hurricane Ian, in what could be...
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...