Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims? January 16, 2025 By L.S. Howard There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash...
Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz January 15, 2025 By L.S. Howard Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk...
Canadian Insured Losses From Catastrophic Events Total C$8.5 Billion in 2024: CatIQ January 13, 2025 The magnitude of catastrophic events experienced across Canada in 2024 pushed the insured loss total for the region to C$8.5...
Update: Re/Insurer Losses From LA Wildfires Expected to Be Significant but Manageable January 10, 2025 By L.S. Howard Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses...
Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’ January 9, 2025 By L.S. Howard Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion...
Tibet Earthquake Kills at Least 126 People, Leaves Many Trapped January 8, 2025 By Ken Moritsugu A strong earthquake shook a high-altitude region of western China and areas of Nepal on Tuesday, damaging hundreds of houses,...
China Says 32 People Killed, 38 Hurt as Earthquake Hits Tibet January 7, 2025 By Phila Siu and Jing Li China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western...
Australia Braces for Worsening Bushfires as National Park Burns December 23, 2024 By Amy Bainbridge Fire restrictions are in place across the Australian state of Victoria as one of its most popular national parks burns...
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025 December 20, 2024 Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing...
European Central Bank Pitches Plan to Boost Insurance Coverage for Climate Losses December 19, 2024 By Gautam Naik The European Central Bank and the region’s insurance authority proposed a two-pronged approach to increase insurance coverage for floods, storms...