After $70 Billion Hit, Insurers Wake Up to Growing Risks of Severe Convective Storms January 25, 2024 By Gautam Naik The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest loss category. While...
Two Australian Resource-Rich Regions Brace for Potentially Destructive Storms January 22, 2024 By Keira Wright Two Australian resource-rich regions are bracing for potentially damaging storms that could lead to flooding, the latest threats after months...
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...
Extreme Icy Weather Paralyzes Travel in Parts of Europe January 18, 2024 By Eamon Akil Farhat and Lars Paulsson Freezing weather in Germany and other parts of Europe threatened widespread road, rail and flight disruptions as the region braced...
Record High Tide in Maine Washes Away 3 Historic Fishing Shacks January 16, 2024 By Nick Perry A record high tide in Maine washed away three historic fishing shacks that had stood since the 1800s and formed...
Activist Group Scorecard: Insurers Adopting Policies on Oil and Gas Slowed in 2023 January 12, 2024 By Don Jergler The number of insurers adopting policies on oil and gas has slowed, according to climate activist organization Insure Our Future’s...
Extreme Weather and Misinformation Top Global Risks: World Economic Forum January 10, 2024 By Victoria Waldersee Risk specialists see extreme weather and misinformation as most likely to trigger a global crisis in the next couple of...
Insured Price Tag for Natural Disasters Was $95B in 2023 With Economic Cost of $250B January 9, 2024 By L.S. Howard Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that...
Climate Change Makes Forecasting Harder, Australia’s Agriculture Minister Says January 2, 2024 By Swati Pandey Climate change is making it harder to accurately predict extreme weather events, said Australia’s agriculture minister Murray Watt, amid criticism...
Extreme Weather in Germany Costs Insurers US$5.4 Billion in 2023: GDV December 29, 2023 Extreme weather in Germany again caused high insurance claims this year, with an estimated price tag of €4.9 billion (US$5.4...