Severe South Australia Storms Declared a Catastrophe by Insurance Council October 29, 2021 The Insurance Council of Australia (ICA) has declared an insurance catastrophe for parts of South Australia, which were hit by...
Repairing Mexico City’s Collapsed Metro Could Cost $40M: Grupo Carso October 27, 2021 MEXICO CITY – Mexican billionaire Carlos Slim’s Grupo Carso said the cost of repairing a collapsed section of a Mexico...
Reinsurance Price Increases Support Improving Outlook for Sector: Fitch October 26, 2021 Reinsurers’ plans to continue raising premium rates during the January 2022 renewals are likely to contribute to stronger profitability and...
Parametric Insurer CCRIF Strengthens Belize Warning Systems for Extreme Weather October 26, 2021 Parametric catastrophe insurer CCRIF continues to strengthen Belize’s early warning systems for rainfall and climate forecasting with a new grant...
Southern Ontario Storms in September Cause Insured Damages of C$105M October 26, 2021 Storms that hit southern Ontario on Sept. 7 and Sept. 22 caused C$105 million (US$84.9 million) in insured damage, according...
Canary Islands’ Volcanic Eruption Reminds Insurers of Challenges of Non-Modeled Perils October 18, 2021 The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of...
Everest Re, AXIS Capital Estimate Costs of Q3 Natural Catastrophe Losses October 15, 2021 Everest Re Group Ltd. and AXIS Capital announced their preliminary third quarter 2021 catastrophe losses. In advance of its full...
Tokyo Jolted by Strongest Earthquake Since 2011, With Injuries Reported October 8, 2021 A magnitude 5.9 earthquake struck near Tokyo late Thursday, rattling parts of the capital the most since the March 2011...
Magnitude 5.7 Earthquake Hits Pakistan, Killing at Least 20 October 7, 2021 QUETTA, Pakistan – An earthquake of magnitude 5.7 hit southern Pakistan in the early hours of Thursday, killing 20 people,...
July’s European Floods Generated Largest Non-U.S. Insurance Industry Loss in 2021 October 7, 2021 The extreme flooding event in Western Europe in mid-July generated the largest insurance industry loss figure so far this year...