Nonprofit Opening Flood Risk Model to Researchers and Public January 14, 2020 A nonprofit flood risk research organization is offering the first publicly available flood risk model that predicts the probability of...
Australia’s Bushfires Could Surpass 2009’s Costly Season; Analysts, Insurers Comment January 10, 2020 By L.S. Howard Australia’s bushfire season has months to run and could easily surpass the most costly fire season, 2009’s Black Saturday fires...
Earth Is Hotter Than at Any Time Since Start of Industrial Revolution: Report January 10, 2020 By Jonathan Tirone The last five years on Earth have been hotter than at any time since the industrial revolution kicked off almost...
Carpenter’s Global Property Catastrophe Index Rises by 5% in January Renewals January 10, 2020 Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized and mitigated to some...
New York Governor Lays out Aggressive Climate Change Plan January 9, 2020 By Don Jergler New York Gov. Andrew Cuomo is proposing an aggressive climate change-fighting campaign for his state that includes a $3-billion bond...
Travelex Ransomware Attack Part of Growing Trend in Cyber Crime: CyberCube January 9, 2020 By L.S. Howard The ransomware attack against U.K. foreign exchange firm Travelex is just a taste of what’s to come with cyber crime,...
U.S. Study Questions Baby Powder Link to Ovarian Cancer January 9, 2020 By Robert Langreth and Jef Feeley A study of more than 250,000 women found that those who used talc or other personal-hygiene powders weren’t significantly more...
Natural Catastrophes Cost $150B in 2019, with Insurers Paying $52B: Munich Re January 8, 2020 By L.S. Howard Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say January 6, 2020 By L.S. Howard The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss...
Commercial Airplane Crash Deaths Drop by More than 50% in 2019: Aviation Consultant January 2, 2020 By David Shepardson The number of people killed in large commercial airplane crashes fell by more than 50% in 2019 despite a high-profile...