P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re November 29, 2023 By L.S. Howard The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic...
Swiss Re Ordered to Pay Former Underwriter $1.6M for Sexism, Unfair Dismissal August 29, 2023 A former Swiss Re underwriter has been awarded nearly 1.3 million pounds ($1.6 million) by a London employment tribunal for...
Unprecedented: 10 U.S. Storms This Year Have Each Caused $1 Billion in Insured Losses August 16, 2023 By MICHELLE CHAPMAN Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured...
Swiss Re Says Natural Catastrophe Insured Losses Hit $50B in H1 August 9, 2023 By Simon Jessop, Alessandro Parodi and Laura Lenkiewicz LONDON —Insured losses stemming from natural catastrophes rose to $50 billion in the first half of 2023, the second highest...
Swiss Re Faces $6.3 Million Claim Over Sexism, Unfair Dismissal March 30, 2023 By Kirstin Ridley LONDON, March 29 (Reuters) – A former Swiss Re underwriter, who last year won a sex and maternity discrimination and...
Natural Catastrophes Cost Insurers $125 Billion in 2022: Swiss Re March 22, 2023 By L.S. Howard Natural disasters in 2022 brought global economic losses of US$275 billion, of which insurance covered 45%, or US$125 billion, according...
New Abnormal: Climate Disaster Damage ‘Down’ to $268 Billion December 13, 2022 By Seth Borenstein This past year has seen a horrific flood that submerged one-third of Pakistan, one of the three costliest U.S. hurricanes...
Swiss Re: Natural Disasters Cost Insurers $115 Billion this Year December 1, 2022 By Lisa Howard Hurricane Ian and other natural catastrophes, such as European winter storms, floods in Australia and hailstorms in France and the...
Swiss Re Posts Loss on Hurricane Hit, Signals Price Hikes Ahead October 28, 2022 By Marion Halftermeyer Swiss Re reported a third-quarter loss of $442 million driven by claims tied to the damage from hurricane Ian, and...
Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens September 1, 2022 By Noor Zainab Hussain and Carolyn Cohn Insured losses from floods doubled to $80 billion globally during 2011-2020 compared to the previous decade, while insurance penetration lingered...