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...
Millions Evacuated as Typhoon Slams Southwest Japan, Halting Flights and Factories August 29, 2024 By Satoshi Sugiyama Millions of people were told to evacuate from their homes as Typhoon Shanshan lashed southwest Japan with strong winds and...
Insured Losses From Canada’s Jasper Wildfire Surpass C$880 Million August 28, 2024 This summer’s devastating wildfire in Jasper, Canada resulted in more than C$880 million (US$653.4 million) in insured damage, according to...
Update: Japan Issues Emergency Warning as Powerful Typhoon Shanshan Approaches August 28, 2024 By Kaori Kaneko Southwestern Japan braced on Wednesday for what officials say could be one of the strongest storms to ever hit the...
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...
Typhoon Shanshan Headed for Japan Threatens Transport Links August 26, 2024 By Shoko Oda Typhoon Shanshan is expected to approach Japan’s southern island of Kyushu on Tuesday or Wednesday, with railway operators warning of...