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...
Tornadoes Push 2021 Insured Losses Over $105B as Climate Change Impact Grows December 21, 2021 By Noor Zainab Hussain and Carolyn Cohn Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for...