California Wildfires, Hurricane Michael Top List of 2018’s Costliest Natural Disasters: Munich Re January 8, 2019 By L.S. Howard The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael...
Final Insured Losses for Europe’s Cyclone Burglind Reach €756M ($862.1M): PERILS January 3, 2019 The final estimate of insured property losses from Europe’s Extratropical Cyclone Burglind, also known as Eleanor, have risen to €756...
January Renewals Show Higher Prices for Clients with Poor Loss Records: Willis Re January 2, 2019 Reinsurance placements at Jan. 1, 2019 highlight a pricing gap between accounts with peak peril exposures, or poor loss records,...
Reinsurance Prices Drop – Despite 2018’s Big Natural Catastrophe Losses: JLT Re January 2, 2019 By Noor Zainab Hussain JLT Re’s global property-catastrophe reinsurance index fell 1.2 percent in Jan. 1 policy renewals, the broker said on Wednesday, dashing...
Tropical Storm Usman Becomes Philippines’ 2nd Deadliest Weather Disaster in 2018 December 31, 2018 By Cecilia Yap Tropical Storm Usman, which entered the Philippines on Christmas Day, emerged as the deadliest weather disaster for the country this...
New South Wales Hailstorm Triggers Australia Catastrophe Declaration December 28, 2018 The Insurance Council of Australia (ICA) last week declared a catastrophe following storms that caused extensive hail and water damage...
Indonesia Volcano Alert Widened as Ash Clouds Affect Aviation After Deadly Tsunami December 27, 2018 By Viriya Singgih and Rieka Rahadiana Indonesian authorities widened an area marked as a danger zone around the Mount Anak Krakatau as the volcano continued to...
Sweden’s Wildfires Highlight Cost of Rapidly Changing Climate in Europe December 12, 2018 By William Wilkes Hannele Arvonen, the owner of one of Sweden’s largest lumber yards, is spending the winter months planning for a new...
Insurers’ Firefighting Teams Move to Limit Damage from California Wildfires November 13, 2018 By Katherine Chiglinsky and Claire Ballentine California’s raging wildfires are so bad that American International Group Inc. and Chubb Ltd. are deploying teams of specialists and...
Deaths, Damages Continue to Rise in California’s Most Destructive Wildfires November 12, 2018 By Brian K. Sullivan and Kartikay Mehrotra The most destructive wildfires in California’s history have killed at least 31 people and forced tens of thousands more to...