Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’ January 9, 2025 By L.S. Howard Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion...
Disaster Insurance Set to Test Italy’s Business Backbone in 2025 December 16, 2024 By Alberto Chiumento and Andrea Mandala Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some...
Italy to Require Companies Buy Insurance for Climate Risks December 3, 2024 By Gautam Naik Starting Jan. 1, every company in Italy must buy insurance to protect its assets from floods, landslides and other natural...
South Africa Declares National Disaster After Floods, Storms November 13, 2024 By Rene Vollgraaff South Africa declared a national disaster after floods and storms caused widespread damage in the country, allowing the government to...
North-Central Italy Sees Floods, Road Closures After Heavy Rains October 21, 2024 By Alberto Brambilla Floods engulfed parts of north-central Italy from overflowing rivers following days of heavy rain, prompting the state-led road operator to...
Insured Losses from Central European Floods Range From US$2.2B to US$3.4B: Verisk October 2, 2024 Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2...
Central European Insurers’ Financial Strength to Remain Solid Despite Severe Floods September 25, 2024 By L.S. Howard The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in...
Climate Change Made Europe’s Deadly Floods Worse and More Likely September 25, 2024 By Olivia Rudgard and Eamon Akil Farhat Record rainfall leading to flooding that killed 24 people in Europe earlier in September was twice as likely due to...
Flood Damage on Key Austrian Rail Link to Take Months to Repair September 24, 2024 By Jonathan Tirone Austria’s national railways will need months to restore the country’s busiest train line after catastrophic floods wrecked infrastructure, throttling the...
Extreme Weather Adds to Fiscal Strains in Central Europe September 20, 2024 By Jan Lopatka, Karol Badohal and Gergely Szakacs Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the...