Update: German Flood Claims Estimated at $1.1B, Says Fitch Ratings June 7, 2016 By Jan-Henrik Förster and Oliver Suess Insurers will face higher-than-expected claims related to floods in Germany, according to Fitch Ratings, dealing another blow to an industry...
Australia’s Storms Estimated to Cost Insurers $28 Million: Insurance Council June 6, 2016 The Insurance Council of Australia (ICA) has declared an insurance catastrophe after the storms that pounded the east coast of...
Insured Losses from French Floods May Total $682M: Industry Association AFA June 6, 2016 By Helene Fouquet Insurance executives meet with government officials in Paris Monday to assess the cost of flooding in the Centre and Ile-de-France...
Torrential Rain Triggers Floods in France; Seine Rises to Highest Level in 34 Years June 2, 2016 By Angeline Benoit and Rudy Ruitenberg Paris’s Seine River rose to its highest level in more than 34 years, disrupting train traffic and prompting the Louvre...
Update: Flash Floods Hit SE Germany, Killing at Least 8; AIR Worldwide Comments June 2, 2016 By Angeline Benoit and Oliver Suess Torrential rain, thunderstorms and flash floods that have inundated towns in southeastern Germany in recent days took the death toll...
Canada ‘Needs to Do More’ to Mitigate Climate Disasters Such as Wildfires, Flood June 1, 2016 The Canadian government needs to do more to mitigate climate disasters such as floods and wildfires, a top green watchdog...
South Carolina Insurance Head Talks Lessons Learned After Historic Flood May 31, 2016 By Amy O'Connor South Carolina’s coastal property insurance market is strong, but the state’s significant catastrophe risk remains an ongoing threat and not...
Canada’s Oil Sands Facilities Prepare to Restart as Wildfires Begin to Slow May 25, 2016 By Rebecca Penty and Jessica Summers All of the Canadian oil-sands facilities that workers fled last week as a wildfire spread are being allowed to prepare...
Climate Change Will Raise the Cost of Canada’s Natural Disasters: Insurers May 19, 2016 By David Ljunggren Canada will have to set aside more money to deal with natural disasters like wildfires, storms and floods as climate...
Alberta Wildfires Could Cost $7B with Minimal Insurer Credit Hit: Ratings Agencies May 17, 2016 By L.S. Howard The Fort McMurray wildfires, which have been raging through northern Alberta, Canada since May 1, are likely to be the...