Yes, another year has flown by, and it’s once again time for the top international Insurance Journal stories of 2023. This year, they are a real hodgepodge of topics, ranging from hard market trends, to faulty wind turbines, to the …
A dozen people were still missing on Thursday after a 6.2-magnitude earthquake struck northwestern Gansu province late Monday, and netizens questioned the speed at which rescue operations had ended. Chinese media reported that search-and-rescue work in Gansu ended at 3 …
Allianz has sponsored a new catastrophe bond which will provide the group with multi-year risk transfer capacity of €250 million to protect itself against European windstorms. Allianz entered into a three-year reinsurance agreement with Blue Sky Re DAC, a special …
The death toll from China’s worst earthquake since 2014 rose to more than 130 as the government sent a top official to oversee recovery efforts. Some 113 people were killed in mostly rural areas of Gansu province and another 18 …
Chinese leader Xi Jinping called for efforts to minimize casualties after an impoverished region in the northwest was hit by an earthquake that left more than 100 people dead. The 6.2-magnitude quake late Monday killed 105 people in Gansu and …
A key tourism area in Australia’s far north has been inundated with life-threatening flooding after days of torrential rainfall in the wake of a tropical cyclone. Major flood and strong wind warnings have been issued across several areas in Queensland …
Australia’s far north coast is bracing for a cyclone that’s expected to bring damaging winds, heavy rainfall and potential flooding to an important tourism region. Tropical Cyclone Jasper, currently a category 1 storm, is forecast to intensify as it approaches …
It’s the cusp of winter in the Northern Hemisphere, but in many places from the US to Japan, it feels more like spring — and forecasters say that’s a sign of what to expect over the next couple of months, …
Global insured losses from severe thunderstorms have hit a new all-time high of US$60 billion in 2023, with overall natural catastrophe claims surpassing $100 billion, according to Swiss Re Institute in a new report. As the US is particularly prone …
A severe cyclone in the Bay of Bengal is likely to cause heavy rain and strong winds across southeast India, with authorities warning of flash floods, damage to crops and power failures in some affected areas. Cyclone Michaung may bring …
