European Floods in Mid-July Cost Insurers $12B, Topping Non-U.S. Events in 2021 January 4, 2022 The most significant non-U.S. loss event in 2021 was the mid-July flooding in Western Europe, according to CRESTA, the Zurich-based...
This Year’s 10 Worst Climate Disasters Cost $170 Billion: Study December 27, 2021 By Damian Shepherd Ten of this year’s most destructive weather events cost a combined $170 billion in damages, according to a new study....
Extreme Weather in 2021 Brings Above-Average Claims to Global Insurers: Swiss Re December 14, 2021 Extreme weather events in 2021, including a deep winter freeze, floods, severe thunderstorms, heatwaves and a major hurricane, resulted in...
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...
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...
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...
Swiss Re Estimates Europe’s July Floods to Cost Insurers $12 Billion October 5, 2021 Swiss Re estimated total insured market losses of the insurance industry due to the July floods in Europe at approximately...
Climate Change Exacerbated Germany’s Deadly Floods: Report August 24, 2021 By Laura Millan The heavy rains and floods that killed at least 220 people in Belgium and Germany this summer were made more...
Insured Losses from European Floods Estimated at $6 Billion-$7.7 Billion: RMS August 23, 2021 RMS, the Newark, Calif.-based catastrophe modeling company, estimates that insured losses from the Western and Central Europe flooding, which occurred...
Insured Losses from July Floods in Germany Could Approach $6B: AIR Worldwide July 28, 2021 AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6...