weather-related claims News

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, …