Hurricane Ida, Europe Floods Made 2021 Costly For Disasters January 11, 2022 By Frank Jordans BERLIN (AP)–Damage wrought by Hurricane Ida in the U.S. state of Louisiana and the flash floods that hit Europe last...
With Sponges and Petitions, Climate Activists Take on Insurers December 1, 2021 By Tom Sims FRANKFURT — A prominent activist is calling on insurers like Swiss Re to explore suing major oil companies for climate-related...
Munich Re 2020 Profit Plunges 55% as Pandemic Takes Toll February 25, 2021 FRANKFURT — German reinsurance group Munich Re expects net profit to bounce back this year after more than halving in...
Insurers Face ‘Mind-Blowingly’ Large Loss if Olympics Canceled January 28, 2021 By Carolyn Cohn and Noor Zainab Hussain LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the...
Munich Re to no Longer Cover Events Canceled for Pandemics December 8, 2020 FRANKFURT/MUNICH — German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member...
Claims Business: CogniSure, Spruce and Agero October 1, 2020 CogniSure Launches Loss Run Analytics Tool CogniSure announced the launch of a product that uses artificial intelligence to extract loss...
Moody’s Says Wildfire Losses May Hit $8B in a Year Marked by Catastrophes September 17, 2020 By Jim Sams Moody’s Investor Service said Wednesday that wildfires in the U.S. West have caused $5 billion to $8 billion in insured...
Munich Re Among Insurers Facing ‘Major’ Beirut Blast Losses August 13, 2020 By Verity Ratcliffe, Stephan Kahl and Layan Odeh Some of the world’s biggest reinsurers are bracing for potential losses running into tens of millions of euros after last...
Sources: Insured Losses From Beirut Blast Seen Around $3 Billion August 7, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
Zurich Drops Cover for Canada’s Trans Mountain Oil Pipeline July 23, 2020 Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for...