Inflation Continues to Increase Insured Property Exposures Globally: PERILS April 16, 2024 Inflation continues to have an effect on property exposures with sums insured for European windstorm increasing by 10.1% year-on-year at...
Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData April 5, 2024 The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed...
Worst Taiwan Quake in 25 Years Kills at Least 9, With Hundreds Injured April 3, 2024 By Betty Hou, Chien-Hua Wan and Debby Wu Taiwan’s strongest earthquake in a quarter century leveled dozens of buildings on the eastern side of the island, killing at...
The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re March 26, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...
Secondary Perils Drive Global Insured Losses to Estimated $123B in 2023: Gallagher Re January 18, 2024 Non-peak (secondary) perils and record-setting weather and climate events drove global insured losses from natural catastrophes to an estimated $123...
AM Best: Japan Quake’s Effect on Insurers ‘Manageable; KCC Says Losses to Hit $6.4B January 5, 2024 By L.S. Howard The earnings impact on the major domestic non-life insurers of claims from the Jan. 1, 2024 earthquake in Japan is...
Japan Adds Rescuers as Death Toll From Jan. 1 Quake Rises to 64 January 3, 2024 By Isabel Reynolds and Takashi Nakamichi The death toll in the wake of the Jan. 1 earthquake off Japan’s northwest coast rose above 60 as the...
Turkey Earthquake Tops 2023 Insurance Industry Losses Outside US: CRESTA January 2, 2024 The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an...
Update: Major Japan Quake Topples Buildings, Killing Nearly 50 People January 2, 2024 By Erica Yokoyama and Jon Herskovitz The death toll from a powerful earthquake that toppled buildings in the Noto Peninsula on Japan’s northwest coast rose to...
China Earthquake Update: 137 People Killed, 12 Still Missing, 207,000 Homes Wrecked December 21, 2023 By Alessandro Diviggiano, Xiaoyu Yin and Liz Lee A dozen people were still missing on Thursday after a 6.2-magnitude earthquake struck northwestern Gansu province late Monday, and netizens...