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...
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...
Why Snow, Hail and Wildfire Are Expensive for the Insurance Industry August 16, 2021 By Leslie Kaufman If you’re having trouble wrapping your mind around the scree of natural catastrophes currently plaguing the world—from deadly July floods...
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...
Virus Fight Insurers Thought They’d Dodged Is Looming Anyway March 24, 2020 By Katherine Chiglinsky For years, property-casualty insurers have sought to protect their business from the ripple effects of a pandemic. The spread of...
Natural Disaster Losses Decline After Major Storms Spare U.S. January 9, 2020 By William Wilkes and Stephan Kahl Insurance losses from natural disasters fell last year after the U.S. was spared the full wrath of a major Atlantic...
Lloyd’s of London Expects ‘Sobering’ Culture Assessment September 18, 2019 By Carolyn Cohn LONDON — Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the...
Ethiopian Airlines, MAX Claims Put Pressure on Swiss Re Profits July 31, 2019 FRANKFURT — Swiss Re’s first-half net profit fell 5.3%, as claims relating to the Ethiopian Airlines crash and the subsequent...
Swiss Re: Much Lower Catastrophe Costs in First Half of 2017 Versus 2016 August 17, 2017 According to preliminary sigma estimates, global total economic losses from natural catastrophes and man-made disasters in the first half of...
New Resilience Study Aids Governments in Preventing Disaster-Related Loss April 10, 2017 Hurricanes, wildfires, tsunamis and other disasters cannot be stopped, but countries can plan for them — something some areas of...