Hedge Funds Hunt Deals in Risk Scenarios Too Costly for Insurers April 7, 2025 By Natasha White As Los Angeles residents digested the apocalyptic scene left by wildfires earlier this year, the stage was simultaneously being set...
Verisk: Catastrophe Claims in Q4 Double on Late Hurricane Activity March 14, 2025 A significant rise in claims from hurricanes rather than winter storms was to blame for a 36% increase in total...
Canada’s 10 Worst Natural Disasters Totaled C$30 Billion in Annual Insured Losses September 3, 2024 Insured losses have surged in the past decade as climate change in Canada sparks wildfires, intense hailstorms and thunderstorms with...
Canada’s Insurance Sector Faces Deluge of Climate-Related Catastrophe Claims September 3, 2024 By Nivedita Balu Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major...
Brit Launches Machine Learning Algorithm to Accelerate Catastrophe Claims Response September 21, 2021 Brit Ltd., the London-based specialty insurer and reinsurer, announced the creation and successful proof-of-concept launch of a proprietary machine-learning algorithm,...
Insurers, Covid-Hit Businesses May Be at Odds Over Interruption Claims for Disasters September 4, 2020 By Suzanne Barlyn and Alwyn Scott As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the...
Weather, Wildfire Claims an Increasing Share of Home Insurance Losses October 31, 2018 U.S homeowners insurers saw an increase in both the number of losses and the percentage of those losses that resulted...
QBE H1 Profits Rise 73% on Australia/N. Zealand Rate Hikes, N. America Growth August 21, 2017 By L.S. Howard QBE reported a healthy profit hike during first half of 2017, despite heightened claims activity in its Emerging Markets’ division,...
Delaware Streamlines Emergency CAT Adjuster Licensing Requirements June 7, 2017 Delaware Insurance Commissioner Trinidad Navarro has taken steps to streamline the licensing process for insurance adjusters who come to Delaware....
Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs August 23, 2016 By Oliver Suess and Jan-Henrik Förster It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors...