AXA CEO Says Prevention Needed to Keep Home Insurance Affordable February 27, 2025 By Claudia Cohen A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed...
Ex-PIMCO Executive to Run World’s First Catastrophe-Bond ETF February 19, 2025 By Gautam Naik Catastrophe bonds, whose returns have consistently trounced those of high-yield debt markets in recent years, are about to become accessible...
Powerful Tropical Cyclone Zelia Hits Australia’s Iron Ore Hub February 14, 2025 By Renju Jose and Christine Chen Tropical Cyclone Zelia made landfall on Australia’s west coast on Friday, the weather bureau said, lashing the world’s largest iron...
Australia’s Iron Ore Hub Faces Strongest Cyclone Since 2007 February 13, 2025 By Mary Hui and Katharine Gemmell Australia’s iron ore hub is bracing for the strongest cyclone to hit the region since at least 2007, threatening port...
Cyclone Zelia Strengthens Off Australia’s Major Iron Ore Hub February 12, 2025 By Ben Sharples and Katharine Gemmell Tropical Cyclone Zelia has strengthened off Western Australia and is expected to cross the coast on Friday near the nation’s...
Australia Urges Residents in Northeast to Evacuate on Flood Risk February 3, 2025 By Michael Heath Australian officials urged residents in the northeastern city of Townsville and adjacent areas to evacuate as torrential rains raised the...
Property-Catastrophe Reinsurance Rates Will Stop Dropping Post Wildfires: Execs February 3, 2025 By Susanne Sclafane RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should...
Australia Braces for Life-Threatening Floods as Six Storms Brew January 31, 2025 By Keira Wright Six storms around Australia and its territories are expected to strengthen in the coming days, with one system likely to...
Climate Change Makes Fierce Winter Storms Like Éowyn Even Stronger January 27, 2025 By Joe Wertz, Olivia Rudgard and Emily Biuso Winter Storm Éowyn pummeled Ireland and the UK with hurricane-force winds on Friday, creating blackouts for hundreds of thousands and...
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch January 24, 2025 By L.S. Howard The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s...