‘Storm of Century’ Halts Traffic at Canada’s Biggest Port, Adding to Supply Chain Woes November 17, 2021 By Marcy Nicholson and Natalie Obiko Pearson Traffic at Canada’s largest port has been cut off by what local officials are calling the storm of the century,...
Canadian Storms Force Shut-Down of Trans Mountain Oil Pipeline November 16, 2021 By David Ljunggren and Nia Williams OTTAWA/CALGARY, Alberta – Canada’s Trans Mountain oil pipeline has been shut down temporarily because of rainstorms pounding parts of the...
U.S. Severe Weather Insured Losses Surpassed $20B After Rough October: Aon November 15, 2021 Annual U.S. severe weather insured losses for 2021 are jumping above $20 billion after a rough October, even before the...
Big Europe Reinsurers See Strong 9M Earnings Despite High Natural Disaster Losses November 15, 2021 All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period...
Insurer Hiscox Sets Aside $150M for Hurricane Ida, European Flood Losses November 2, 2021 By Muvija M and Carolyn Cohn Hiscox has set aside $150 million to cover losses linked to Hurricane Ida and floods in Europe, the insurer said,...
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...
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...
Munich Re, Hannover Re Expect Rising Prices After Floods in Germany October 18, 2021 German reinsurance companies Munich Re and Hannover Rueck said on Monday they expect rising prices for their business in Europe...