Reinsurance Market Likely to Begin Softening in 2025 as Capacity Rises in 2024: Fitch January 25, 2024 By L.S. Howard Reinsurers’ underwriting margins are expected to peak in 2024 on the significant price rises and tighter terms and conditions achieved...
Cyclone Kirrily Makes Landfall in Australia as Severe Storm January 25, 2024 By Keira Wright Australia is being lashed by damaging winds and heavy rainfall as Severe Tropical Cyclone Kirrily makes landfall, the biggest system...
After $70 Billion Hit, Insurers Wake Up to Growing Risks of Severe Convective Storms January 25, 2024 By Gautam Naik The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest loss category. While...
UK Braces for More Hurricane-Strength Winds From Next Atlantic Storm January 23, 2024 By Eamon Akil Farhat and Brian K. Sullivan Just over a day after Storm Isha started to clear, the UK is bracing for more hurricane-strength winds off the...
Hurricane-Force Winds Cause Chaos, Blackouts Across Europe January 22, 2024 By Priscila Azevedo Rocha, Lars Paulsson and Elena Mazneva Storm Isha is causing travel disruption and power blackouts across northern Europe, as it brought hurricane-force winds to the UK...
Two Australian Resource-Rich Regions Brace for Potentially Destructive Storms January 22, 2024 By Keira Wright Two Australian resource-rich regions are bracing for potentially damaging storms that could lead to flooding, the latest threats after months...
Cyclone Forming Near Australia’s Coast May Have ‘Severe Impact’ January 19, 2024 By Keira Wright Australia’s resource-rich Queensland state is bracing for its second tropical cyclone in a little more than a month, with a...
Mauritius and Reunion Assess Damage From Cyclone That Killed at Least 4 People January 18, 2024 By Gerald Imray and Lewis Joly Mauritius lifted its highest weather alert and eased a nationwide curfew Tuesday after a deadly cyclone battered the Indian Ocean...
Extreme Icy Weather Paralyzes Travel in Parts of Europe January 18, 2024 By Eamon Akil Farhat and Lars Paulsson Freezing weather in Germany and other parts of Europe threatened widespread road, rail and flight disruptions as the region braced...
Federal Reinsurance Backstop for Catastrophes: APCIA Says No Thanks January 16, 2024 Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers’ issues with growing private...