Q1 Claims Volume Hits 5-Year Low But Severity Up on Wildfire Losses, Verisk Says June 19, 2025 By Ezra Amacher The quarter brought devastating wildfires to California, wind and hail events to Texas, and substantial increases in activity to "Tornado...
FEMA Chief Says Agency Will Raise State Burden for Disasters to 50% May 15, 2025 By Leah Douglas and Nathan Layne David Richardson, the new head of the Federal Emergency Management Agency, said on Thursday that states would in the future...
Insurers May Face $145 Billion in Catastrophe Losses in 2025 April 29, 2025 By Gautam Naik Insured losses from natural catastrophes could soar to $145 billion this year — well above the 10-year average — as...
Aon Reports Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B April 22, 2025 Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025, with...
A California City Is Pioneering Urban-Scale Insurance for Climate Disasters March 13, 2025 By Leslie Kaufman “Fire took everything, please help.” The headline was one of hundreds like it on GoFundMe campaigns that launched even as...
AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes February 13, 2025 By Chad Hemenway American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but...
Atlantic Storms Dominated 2024 Claims Journal News—Naturally December 30, 2024 By Don Jergler It was all about the storms this year. They were the big news surrounding the insurance industry, with several named...
Report: Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency October 16, 2024 Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according...
Risks Too Big for Insurers Feed a $200 Billion Market Boom September 5, 2024 By Natasha White As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a...
The Huge Profits Investors Have Made on Catastrophe Bonds Are Raising Eyebrows August 19, 2024 By Greg Ritchie and Gautam Naik A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be...