Swiss Re Reports Q1 Loss as Ukraine War, Natural Disasters and COVID Take Their Toll May 5, 2022 By L.S. Howard Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such...
Insured Losses From Eastern Australia Floods Estimated at A$4B: PERILS April 21, 2022 Initial insurance losses for the Eastern Australia floods are estimated at A$3.99 billion (US$2.97 billion), according to PERILS, the independent...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon April 18, 2022 By L.S. Howard Preliminary economic losses from natural hazards billion during the first quarter of 2022 totaled $32, of which less than 50%...
Update: South Africa’s Deadliest Floods in 6 Decades Claim More Than 300 Lives April 14, 2022 By Rene Vollgraaff and S'thembile Cele South Africa declared floods that killed more than 300 people in the eastern KwaZulu-Natal province a disaster, enabling the government...
Typhoon Megi Triggers Landslides in Philippines, Killing at Least 25 People April 12, 2022 By Cecilia Yap At least 25 people were killed and several more missing after Typhoon Megi triggered landslides and flooded many areas in...
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best April 5, 2022 The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact...
Update: Heavy Rains Deluge Australian Towns for 2nd Time in a Month March 30, 2022 By Renju Jose Heavy rains deluged Australia’s east coast on Wednesday, submerging entire towns, while thousands of people fled their homes for the...
March 2021 Floods in New South Wales, Queensland Cost Insurers A$688M: PERILS March 28, 2022 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed its fourth and final industry loss estimate...
Japan’s Powerful Earthquake Estimated to Cost Insurers $2 Billion-$4 Billion: Verisk March 24, 2022 The powerful earthquake that jolted Japan’s northeast coast last week is expected to cause insured property losses between $2 billion...
Update: Japan Warns of Blackouts After Earthquake Causes Major Power Shortage March 22, 2022 By Yuka Obayashi and Kantaro Komiya Japanese turned off neon signs, dimmed their lights and dialed down thermostats on Tuesday after the government issued an urgent...