natural catastrophe losses News

Texas Storms Drive Up Catastrophe Losses in First Six Months of 2016

Economic losses caused by natural catastrophes in the first half of 2016 totaled $17 billion as compared to 2015 losses totaling $12 billion. The total includes insured losses of $11 billion as compared to $ 8 billion the prior year. …

Willis: $3.5B Losses in Mining Market Prompt 30 Percent Insurance Capacity Reduction

In 2011, the mining insurance market was not only hit by $2.7 billion in natural catastrophe losses, but over 60 operational losses totaling $835 million. The $3.5 billion total estimate of losses facing mining insurers has prompted a 30 percent …