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Inflation Continues to Increase Insured Property Exposures Globally: PERILS
Apr 16 2024 // Inflation continues to have an effect on property exposures with sums insured for European windstorm increasing by 10.1% year-on-year at constant euro exchange rates, at similar levels to 2023, according to PERILS AG, the...
UK Home, Business Property Insurance Payouts Hit $6B in 2023
Apr 15 2024 // Britain’s homes and businesses received 4.86 billion pounds ($6.07 billion) in property insurance payouts in 2023, up 18% from a year earlier, as weather-related home claims hit a record high, the Association of...
kWh Analytics, Aspen Raise Capacity for Property Insurance, Renewable Projects
Apr 12 2024 // kWh Analytics Inc. secured an increase in its capacity agreement with Aspen Insurance to support its property insurance offering for renewable energy projects. With this increase, kWh Analytics can underwrite up to $75...
Ping An Insurance’s Delayed Trust Repayment Shows Lingering Property Woes
Apr 11 2024 // Ping An Insurance (Group) Co.’s trust business delayed repayment on a property-linked investment product, showing how the financial giant’s asset-management operations are still reeling from China’s...
Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData
Apr 5 2024 // The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and infrastructure disruptions. However, insurers are expected to...
Property Restoration Industry: A Culture in Need of Repair?
Apr 1 2024 // Jatiek Smith, a Bloods gang member convicted on extortion and racketeering charges in New York, blamed ruthless competition and a culture of violence in the fire restoration industry for the accusations made against him by...
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