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...
Disaster Insurance Set to Test Italy’s Business Backbone in 2025 December 16, 2024 By Alberto Chiumento and Andrea Mandala Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some...
Climate Change ‘Supercharged’ Philippines’ Typhoon Season, Study Finds December 16, 2024 By Mary Hui A warming climate fueled the blitz of six powerful storms that hit the Philippines within a matter of weeks this...
UK Issues Red Warning as Storm Darragh Brings Hurricane-Strength Winds December 6, 2024 By William Mathis and Eamon Akil Farhat Storm Darragh has triggered a red weather warning for the west coast of Wales and the Bristol Channel on Saturday,...
Insured Losses From Natural Disasters Top US$100B for 5th Consecutive Year: Swiss Re December 6, 2024 By L.S. Howard Estimated insured losses from natural catastrophes are on track to surpass US$100 billion in 2024 – for the fifth consecutive...
Italy to Require Companies Buy Insurance for Climate Risks December 3, 2024 By Gautam Naik Starting Jan. 1, every company in Italy must buy insurance to protect its assets from floods, landslides and other natural...
Bank of Spain Estimates Floods Cost 0.2% of GDP in 4th Quarter November 20, 2024 By Jesús Aguado Last month’s catastrophic floods in eastern Spain are likely to have a negative impact of 0.2 percentage points on the...
Flood Adaptation Preferable to Post-Disaster Rebuilding – And Helps With Insurability November 19, 2024 By L.S. Howard Economic losses caused by natural catastrophes reached an estimated US$280 billion in 2023, with US$51.6 billion of that total due...