Coastal Construction, Rising Replacement Values Contribute to Costly Hurricane Claims July 21, 2023 Insured losses from hurricanes have risen steadily over just the past 15 years, with nine of the 10 costliest hurricanes...
The Hanover Insurance Group Estimates Q2 Catastrophe Losses of $262 Million July 21, 2023 The Hanover Insurance Group Inc. announced a preliminary estimate for second quarter catastrophe losses of approximately $262 million, before taxes,...
Update: Allstate Estimates Catastrophe Losses of $1 Billion in June, $2.7 Billion in Q2 July 20, 2023 Allstate Corp. announced estimated catastrophe losses for the month of June of $1.01 billion, or $799 million, after-tax. June’s month...
European Heat Wave Sees Temperatures Reaching 115F in Sardinia as Greece Burns July 19, 2023 By Eamon Akil Farhat and Sotiris Nikas Europe baked in intense heat, with temperatures reaching almost 46C (115F) on the Italian island of Sardinia on Wednesday, as...
South Korea Flood Death Toll Rises to 40; Yoon Blames Botched Disaster Responses July 17, 2023 By Hyonhee Shin South Korean President Yoon Suk Yeol on Monday blamed authorities’ failure to follow disaster response rules as the death toll...
Canada’s Wildfires Burn Record 25 Million Acres With No End in Sight July 17, 2023 By Mathieu Dion Canadian wildfires have scorched more than 10 million hectares (25 million acres) this summer, an area about the size of...
Deadly Storms Across US Northeast Bring Floods, Tornado Alerts July 17, 2023 A cluster of severe thunderstorms pounded the US Northeast including New York City on Sunday, unleashing deadly flooding in Pennsylvania,...
Update: Typhoon Talim Makes Landfall in Southern China; Flights and Trains Canceled July 17, 2023 By Liz Lee and Ryan Woo Typhoon Talim became the first typhoon to make landfall in China this year on Monday evening, prompting authorities to issue...
Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in 2023? July 14, 2023 By Susanne Sclafane While no one directly asked the question of this article’s headline at the S&P Global Ratings June annual insurance conference,...
Canada’s British Columbia Highway 99 Closed Due to Brush Fire June 27, 2023 Canada’s British Columbia Highway 99 was closed in both directions on Monday due to a brush fire, the British Columbia...