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...
Claims People: NYSIR, Charles Taylor, Aon, Swiss Re and NAU March 28, 2022 NYSIR Hires Senior VP for Claims The New York Schools Insurance Reciprocal, which provides property and casualty insurance for New...
Swiss Re Cuts Fossil Fuel Cover for Oil, Gas to Protect Climate March 17, 2022 By Simon Jessop LONDON –– Swiss Re SRENH.S, the world’s second biggest reinsurer said it would no longer insure most new oil and...
Swiss Re: Litigation Funders Driving Social Inflation, ‘Outsize’ Verdicts December 10, 2021 By Jim Sams Swiss Re said in a report released Thursday that litigation funding has become a $17 billion industry globally, with 52%...
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...
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...
Global Insurance Recovery Will Be Faster, Stronger Than in 2008–Swiss Re July 27, 2021 By Alwyn Scott NEW YORK — The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it...
Reinsurers Look at Dumping Coal From Bulk-Buy Policies in Green Gambit June 17, 2021 By Carolyn Cohn and Simon Jessop LONDON — Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to...
Mega-Hurricane Risk Spurs Swiss Re Warning to Unprepared Canada May 24, 2021 By Danielle Bochove Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses...
Swiss Re Says Secondary Perils Should Be a Priority Concern for Insurers March 31, 2021 By Claims Journal Staff Swiss Re warned insurers Tuesday that secondary perils such as thunderstorms and wildfires are making up a growing share of...