Factories in Vietnam’s Export Hubs May Face Weeks of Disruption After Typhoon Yagi September 11, 2024 By Francesco Guarascio, Phuong Nguyen and Khanh Vu Typhoon Yagi caused severe damage to many factories and flooded warehouses in northern Vietnam’s export-oriented industrial hubs, with some shuttered...
Typhoon Yagi Kills 14 in Vietnam as Officials Warn of Heavy Rain, Flooding September 9, 2024 By Aniruddha Ghosal At least 14 people have died and 176 others injured in Vietnam after Typhoon Yagi slammed the country’s north, state...
Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC September 6, 2024 Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims...
Reinsurers’ Appetite for Natural Catastrophe Risks Grows – But Discipline Remains September 4, 2024 By L.S. Howard Top reinsurers are showing increasing – but disciplined – appetite for natural catastrophe risks as a result of rising demand,...
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...
Natural Disasters to Cause $151 Billion in Annual Insurer Losses September 4, 2024 By Gautam Naik Urban expansion, property exposure and climate change could fuel a 40% increase in annual natural-catastrophe losses for the global insurance...
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...
Climate Change Intensified Typhoon Shanshan, Study Says August 30, 2024 By Shoko Oda Typhoon Shanshan, which struck southern Japan this week with heavy rain and strong winds, was likely intensified by climate change,...
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...