Global H1 Insured Natural Disaster Losses 40% Lower than 10-Year Average: Aon July 26, 2018 Global insured losses from natural disasters for the first half were preliminarily estimated at US$21 billion, which is 40 percent...
Reinsurance Capacity Remains Abundant for Mid-Year Renewals: Aon Benfield April 18, 2018 By L.S. Howard Global reinsurer capital continued to rise in 2017, despite the US$136 billion in insured losses from natural catastrophes last year,...
Everest Re Expects Q1 Catastrophe Losses of $100M on Rising California Wildfire Claims April 12, 2018 Everest Re Group Ltd. estimates it will incur $100 million of catastrophe losses, net of reinsurance recoverables and reinstatement premiums,...
Natural Disasters Cost Insurers a Record $144 Billion in 2017: Swiss Re’s sigma April 10, 2018 Global insured losses from natural catastrophes were US$144 billion in 2017, the highest-ever recorded in a single year, according to...
U.S. March Storms Cost Economy $3B; Argentina, Uruguay Drought $4B: Aon Report April 6, 2018 A series of winter storms and severe weather in the United States during March brought economic damages of US$3 billion,...
January Windstorms to Cost Europe’s Insurers More Than $2B: Aon February 9, 2018 European windstorms Friederike, Eleanor and Carmen wreaked widespread damage in January, causing insured losses of more than $2 billion, according...
Cyber Incidents Most Feared BI Trigger for Global Companies: Allianz Risk Report January 17, 2018 By L.S. Howard Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a report...
Insurance Protection Gap Is Growing Global Problem; Swiss Re, RenRe & WTW Comment January 17, 2018 By L.S. Howard The insurance protection gap. It’s a phrase that will be increasingly heard over the coming years – because it is...
Top Insurance Journal South Central Stories of 2017 December 29, 2017 By Stephanie K. Jones Among the most read news stories in Insurance Journal’s South Central region during 2017 concerned Hurricane Harvey and Texas hailstorm...
Loss Estimate for October 2016 Italian Quakes Rises to US$244.4M: PERILS October 27, 2017 The property insurance market’s losses from the series of earthquakes to hit Central Italy between Oct. 26 and Oct. 30,...