weather related losses News

Goldman Sees Worst Floods Sowing Cat-Bond Demand

Canada‚Äôs banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters such as the record floods that inundated swathes of downtown Calgary in June. Climate changes are making weather-related losses …

Weather-Related Losses Remain Costliest in Global Power Generation Sector

While weather-related losses remain comparatively rare in the global power generation sector, research published by Marsh highlights that their financial impact is considerably higher than other operational loss events. The latest Marsh Risk Management Research report, Common Causes of Large …

Crop Insurance Juicy Target in ‘Fiscal Cliff’ Deal

Rural lawmakers worried that $9 billion in annual federal crop insurance subsidies are an easy target for spending cuts in a deal to avert the “fiscal cliff” are shopping around for a late compromise on a farm bill to protect …