Brokers Packaging Cybersecurity with Cyber Insurance September 16, 2019 By Jim Sams Insurance retailers are teaming up with tech wizards to sell cybersecurity along with cyber coverage as a means of trimming...
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...
Boeing Crashes Leave $450 Million Bill for European Insurers May 16, 2019 By Will Hadfield and Patrick Winters Europe’s biggest insurers are on the hook for as much as $450 million from a pair of airline crashes involving...
Insurers Expect France to Bear Notre-Dame Rebuilding Cost April 16, 2019 By Noor Zainab Hussain and Paul Arnold Major European insurers expect France to bear the bulk of the cost of rebuilding the Notre-Dame Cathedral after a fire...
NOAA Data Shows Weather Disasters Relatively Mild So Far this Year April 11, 2019 By Jim Sams It’s only April, and already the United States has experienced two climate disasters that each caused $1 billion in damages...
Ethiopian Crash Could be Largest Non-War Aviation Reinsurance Claim: Willis Re April 1, 2019 By Carolyn Cohn LONDON — Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could...
Swiss Re: Natural Catastrophe Insured Losses Nearly Doubled in 2017 December 22, 2017 Preliminary sigma estimates for insured global losses resulting from natural and man-made disasters in 2017 are around $136 billion, well-above...
4 Lessons From Hurricane Andrew August 24, 2017 It’s been 25 years since Hurricane Andrew struck the coast of Florida on August 24, 1992. The state was no...
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...
Insurer Says Miami is Even More Vulnerable to Hurricanes Like Andrew August 10, 2017 By JENNIFER KAY Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city’s vulnerability to catastrophic...