Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch February 9, 2023 Most insurance payouts due to the earthquake that hit Turkey and Syria ultimately will be borne by global reinsurers, according...
Quake Latest: Turkey Declares Emergency Rule; Death Toll Rises Across Turkey, Syria February 8, 2023 By Bloomberg News Turkey declared a three-month state of emergency in areas struck by two massive earthquakes earlier this week, allowing the government...
Hundreds of Shipping Containers Ablaze at Turkey’s Iskenderun Port; Operations Halted February 7, 2023 Hundreds of shipping containers were ablaze at Turkey’s Iskenderun Port on Tuesday, shutting down operations and forcing freight liners to...
Update: Powerful Earthquakes Hit Turkey and Syria With at Least 4,000 Killed February 6, 2023 By Selcan Hacaoglu and Firat Kozok Rescue teams from overseas began deploying in Turkey on Tuesday after a pair of powerful earthquakes a day earlier killed...
New Zealand Provides NZ$700,000 in Additional Funding for Post-Flood Rebuilding February 2, 2023 By Lucy Craymer New Zealand’s government on Thursday announced NZ$700,000 ($450,000) in additional funding to help rebuild flood-ravaged Auckland and other areas in...
Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points January 31, 2023 By L.S. Howard Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils,...
New Zealand Braces for More Flooding From Another Rain Deluge January 31, 2023 By Tracy Withers Auckland is bracing for another rain deluge later Tuesday that threatens more surface flooding and land slips on ground already...
Insurers Hit With Thousands of Claims Following Storms and Floods in New Zealand January 30, 2023 By Harish Sridharan Major insurers operating in New Zealand including Insurance Australia Group and Suncorp Group have cumulatively received over 9,000 claims so...
Counting the Rising Cost of Climate Change With Top Most Costly Natural Disasters November 16, 2022 Climate change has raised the cost of natural disasters, as rising sea levels and drought increase the frequency and severity...
Insurers Should Be Ready for Global Average Disaster Losses of $123 Billion: Verisk September 29, 2022 The global insurance industry should be prepared for insured losses from natural catastrophes well in excess of $100 billion every...