Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits August 24, 2022 U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases...
‘Sunny Day’ Floods Will Increasingly Inundate U.S. Coasts as Sea Levels Rise: NOAA July 15, 2021 By Brian K. Sullivan Record high-tide flooding washed over U.S. coasts in the past year, and rising sea levels are expected to send the...
P/C Insurers Need to Hike Key Commercial Rates Even More: A.M. Best April 19, 2021 The environment for many of the U.S. property/casualty (P/C) insurers lines remains competitive despite the need for rate increases for...
Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re March 30, 2021 By L.S. Howard Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according...
Argo’s Q4 2020 Losses from Natural Disasters and COVID-19 Estimated at $51M February 3, 2021 Argo Group International Holdings Ltd. estimates losses from fourth quarter 2020 natural catastrophes and the COVID-19 pandemic will hit $51...
Croatian Residents Rush to Buy Earthquake Cover After Destructive Quakes in 2020 February 3, 2021 By Jasmina Kuzmanovic Croatian insurers are reaping a windfall as residents rush to sign up for protection after two destructive earthquakes last year...
Global Natural Catastrophes Cost $210 Billion in 2020: Munich Re January 7, 2021 Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit...
Final Insured Losses for Australian Bushfires of 2019/2020 Estimated at A$1.866B January 6, 2021 Insured losses for the Australian bushfires of 2019/2020 rose to A$1.866 billion (US$1.441 billion), according to estimates issued by PERILS,...
Rescuers Race to Find Survivors After Croatia’s Worst Earthquake in 140 Years December 30, 2020 By Jasmina Kuzmanovic and Jan Bratanic Rescuers raced to search for survivors amid strong aftershocks after Croatia’s worst earthquake in 140 years killed seven people and...
Insurance Journal’s Most Noteworthy Topics of 2020: International December 29, 2020 By L.S. Howard COVID-19 and mergers and acquistions were just two of noteworthy topics of 2020 covered by the International section of Insurance...