International, Domestic Insurers Push Into Catastrophe-Hit US Property Markets December 16, 2024 By Carolyn Cohn and Noor Zainab Hussain International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits...
Renewable Energy Offers a Cost and Opportunity to Insurance Sector November 7, 2024 By Carolyn Cohn Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as...
Zurich’s Exposure to Hurricanes Helene, Milton Below $360M as Catastrophe Losses Rise November 7, 2024 By Carolyn Cohn Zurich Insurance Group said on Thursday that its exposure to Hurricanes Helene and Milton, which recently wreaked havoc in the...
Hurricane Milton Insured Loss Could Be $60 Billion, Similar to 2022’s Ian: RBC October 9, 2024 By Carolyn Cohn Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance...
Sunken Superyacht Likely to Cost Insurers at Least $150 Million, Experts Say August 30, 2024 By Noor Zainab Hussain and Carolyn Cohn Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on...
UK Insurer Aviva Beats Earnings Forecasts on Home, Motor Insurance Price Hikes August 14, 2024 By Carolyn Cohn British insurer Aviva beat first-half profit expectations following a rise in general insurance premiums in Britain and Ireland, and said...
Taylor Swift Cancellations Deal Blow to Insurers: Sources August 9, 2024 By Carolyn Cohn and Alexander Hübner Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be...
European Insurers Enjoy Big Profits After Premium Hikes August 8, 2024 By Carolyn Cohn, Tom Sims and Yadarisa Shabong Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in...
UK Insurers Pull Back From Offering Cover as Flood Threats Rise August 8, 2024 By Carolyn Cohn Increased flooding in Britain from overflowing rivers and blocked drains is leading insurers to pull back from offering cover, particularly...
Update: Zurich Insurance Tops Profit Forecast, on Track to Beat 2025 Targets August 8, 2024 By Carolyn Cohn and Eva Orsolya Papp Zurich Insurance posted a record first-half operating profit on Thursday and said it was on track to beat its 2025...