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...
Reinsurer Natural Disaster Losses to Exceed Budget Expectations for 5th Year: S&P October 15, 2021 For the fifth consecutive year, insured losses from natural catastrophes are expected to be at or above global reinsurers’ budget...
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...
RenaissanceRe and Arch Capital Estimate Impact of Q3 Natural Catastrophes October 13, 2021 RenaissanceRe Holdings Ltd. estimated losses from certain catastrophe events will have a net negative impact of approximately $725 million on...
Strong Earthquake Jolts Greek Island of Crete, 3 Weeks After Another Temblor October 13, 2021 ATHENS, Greece (AP) – A strong earthquake jolted the Greek island of Crete on Tuesday, three weeks after another temblor...
Typhoon Kompasu Lashes Hong Kong, Forcing Cancellation of Stock Trading October 13, 2021 By Dominic Lau and Jeanny Yu Hong Kong suspended schools and the city’s $6.3 trillion stock market canceled trading Wednesday as strong winds and rain from...
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...
Mexican Insurtech Startup Offers Quick Claims Payments for Earthquake Damage September 27, 2021 Mexican startup Super, which offers coverage for earthquake property damages, plans to expand into hurricane insurance and possibly raise a...