Estimated insured losses from flooding, which hit Southern Germany on May 15-June 5, will range from €2.4 billion (US$2.6 billion) to €3.6 billion (US$3.9 billion), according to Verisk, the data analytics and technology firm. Moody’s RMS recently estimated insured losses …
Insured losses from floods that hit Central Europe between Thursday, May 30 and Monday, June 3 will likely fall within the range of €2 billion to €3 billion (US$2.1 billion to US$3.2 billion), according to Moody’s RMS Event Response. The …
Global insurers plan to invest further in the coming years in the growing but opaque private credit market, according to a new report by Moody’s Ratings. In a survey this week of the world’s largest insurers, Moody’s found that nearly …
If personal auto insurance loss reserves are developing adversely, can commercial general liability be far behind? That’s the gist of one of the questions that analysts from Moody’s Investors Service asked—and answered—in a new report on the U.S. property/casualty insurance …
I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks in order of importance inevitably triggers debate about which risk should be near the top or bottom, rather than the …
A Moody’s publication looks why it was so warm last year and the impacts the effects of global warming will have in 2024. The publication “Warmest Year; Warmest Months: Climate Change and El Niño Edged the Global Closer to the …
China Life Insurance Co. is in crunch talks with lenders to an office tower in Canary Wharf to help stave off the locality’s third potential major default, as the eastern financial district of London grapples with some of the city’s …
Manmade warming has increased the prevalence and severity of concurrent drought and heat events, also termed hot droughts, across Western North America in the 20th-21st century, a new report shows. The authors of the report developed the Western North American …
Cannabis enthusiasts have the 4/20 holiday, but in two days some 7.9 billion people have cause to celebrate. Earth Day is Saturday, and while today’s eyes are on the cannabis holiday, the media is already starting to turn coverage to …
With commercial lines insurers expected to report the lowest full-year aggregate combined ratio in 15 years, together with double-digit direct premium growth, Moody’s Investors Service announced a stable outlook for the U.S. P/C commercial lines sector. The outlook report, “2023 …
