weather-related claims News

Direct Line in Talks to Sell Italy, Germany Units; Shares Surge

Direct Line Insurance Group Plc, the U.K.’s biggest home and motor insurer, said it was in talks to sell its units in Germany and Italy. The shares climbed the most since its initial public offering in October 2012. The discussions …

Golf Ball-Sized Hail Batters South African Insurers’ Earnings Outlook

Angela Dike was showing clients how to make duck red curry and chocolate spring rolls in her Thai cooking class when hail stones as big as golf balls started slamming into the 18 cars parked outside. Windscreens and headlights were …

S&P Report Concludes Re/Insurers Have ‘Coped Well So Far’ with Climate Change

A report – “Are Insurers Prepared For The Extreme Weather Climate Change May Bring?” – from Standard & Poor’s notes that “whether or not a direct result of climate change, the number and frequency of extreme weather events have increased, …