NFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best September 18, 2020 Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires...
Number of Landfalls of Big U.S. Storms Could Break 1916 Record September 18, 2020 By Will Wade Hurricane Sally’s historic flooding of Florida and Alabama this week marked the eighth named storm to strike the continental U.S....
After Hurricane Sally, Assessment of Extensive Flood Damage Begins September 18, 2020 By Devika Krishna Kumar and Jennifer Hiller GULF SHORES, Ala./HOUSTON – As an Alabama resident, Toby Wallace has seen his fair share of hurricane damage working for...
Japanese Bulk Carrier Splits Apart as Mauritian Authorities Work to Contain Oil Spill August 17, 2020 By Omar Mohammed A Japanese bulk carrier that ran aground on a reef in Mauritius last month threatening a marine ecological disaster around...
Lebanon’s Insurance Claims from Beirut Port Blast Total $425 Million, So Far August 17, 2020 By Dana Khraiche Insurance claims toward the massive explosion at the Port of Beirut have so far reached $425 million, according to a...
Explainer: Assessing Liabilities from Massive Mauritius Oil Spill August 14, 2020 A Japanese bulk carrier struck a coral reef off the Indian Ocean island nation of Mauritius on July 25, spilling...
Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources August 14, 2020 By Jonathan Saul and Carolyn Cohn Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week...
Major Reinsurers Brace for Large Losses from Beirut Port Blast August 13, 2020 By Verity Ratcliffe and Stephan Kahl Some of the world’s biggest reinsurers are bracing for potential losses running into tens of millions of euros after last...
Secondary Perils Drive Global Insured Catastrophe Losses of $31B During H1: Swiss Re August 12, 2020 Global insured property losses from disasters were US$31 billion in the first half of 2020, up from US$23 billion during...
Mauritius Seeks Compensation from Owners of Cargo Vessel After Massive Oil Spill August 12, 2020 By Kamlesh Bhuckory Mauritius is seeking compensation from the owners of the cargo carrier that run aground and spilled oil off its coast,...