The property insurance market loss from the Australia’s Townsville floods, which affected northern Queensland, Australia, between Jan. 26 and Feb. 10, 2019, has risen to A$1.22 billion (US$827.1 million), according to PERILS, the independent Zurich-based organization that provides catastrophe insurance …
The European Union faces an urgent challenge in tackling an outbreak of African swine fever which threatens Bulgaria’s pig breeding industry, a Commission spokeswoman said on Thursday. Ten EU nations are currently affected by African swine fever, with particularly bad …
Germany’s forests – long a source of pride and national identity – are feeling the heat. A second consecutive year of unusually dry and warm weather has left swaths of dead and dying trees, fueling fears that the storied woods …
The death toll from a typhoon in eastern China rose to 32 on Sunday, with 16 people missing, state broadcaster CCTV reported, as the country braced for more travel disruptions as the storm moved further north up the coast. Typhoon …
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has formed a new Sompo Global Risk Solutions (GRS) team offering insurance products to smaller businesses in the U.S. and Mexico, including its industry vertical …
Greenlight Re Innovations (GRI), a subsidiary of Greenlight Capital Re Ltd., announced it has made a strategic investment in Handdii Pty Ltd., a property insurance claims fulfillment platform. Melbourne, Australia-based Handdii is reinventing property claim processes by seamlessly pairing insurance …
Britain will spend “whatever it takes” before its departure date from the European Union to prepare for the possibility of leaving without a divorce deal, the minister responsible for planning for a no-deal Brexit said on Friday. The new government …
Fairfax Financial Holdings announced that Jennifer Allen has been appointed chief financial officer. John Varnell, who was previously serving as interim chief financial officer of Fairfax, will continue serving as vice president, Corporate Development of Fairfax. Varnell stepped in as …
Total economic losses, largely flood-driven, were expected to exceed US$600 million, while public and private insurers paid out nearly US$300 million, said Aon in its latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the …
Flights and high-speed train services were canceled in Shanghai as the strongest typhoon to hit the region this year swept past Taiwan and headed toward the Chinese coast. Air China Ltd., China Eastern Airlines Corp. and China Southern Airlines Co. …
