Risks Too Big for Insurers Just Fed a $200 Billion Market Boom in Captives September 4, 2024 By Natasha White As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a...
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...
Hedge Fund Fermat Says Returns Took a Hit Amid Catastrophe Bond Selloff August 29, 2024 By Gautam Naik Fermat Capital Management, one of the world’s biggest investors in catastrophe bonds, says anxiety about this year’s hurricane season has...
Storm Warnings Issued Across Southern Europe – From Italy to Serbia August 27, 2024 By Paul Tugwell and Eva Brendel Thunderstorm alerts are in place for a swath of Europe from the south of France to the Balkans. There are...
Blackouts in Extreme Weather Create Demand for Cleaner Backup Power August 23, 2024 By Alexa St. John Software engineer Kenna Ofoegbu in Houston, Texas tries hard to keep his three kids cool during the summer and that...
Remnants of Hurricane Ernesto Trigger Wind and Rain Warnings in Scotland August 22, 2024 By Dylan Griffiths, Eamon Akil Farhat and Paul Tugwell Yellow weather warnings are in place for Scotland on Thursday, as the remnants of Hurricane Ernesto bring strong winds and...
Storms Threaten Mediterranean From Sicily to Ionian Sea Islands August 20, 2024 By Paul Tugwell and Eamon Akil Farhat Thunderstorms are forecast across the Mediterranean from Corfu to Sicily, where a luxury yacht sank off the coast on Monday...
The Era of Runaway Heat Records Is Here August 20, 2024 By Eric Roston, Matthew Griffin and Alexander Battle Abdelal Las Vegas set a heat record of 117 degrees Fahrenheit (47.2C) in 1942, and for 82 years no weather system...
Ernesto Becomes Category 2 Hurricane as It Heads to Bermuda August 16, 2024 By Will Wade Ernesto strengthened into a Category 2 hurricane as it plowed northward toward Bermuda, threatening to drench the British territory with...