Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter August 1, 2023 By L.S. Howard Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model...
Global Insurance Prices Continue to Moderate in Q2 With Exception of Property: Marsh July 31, 2023 Global commercial insurance pricing rose 3% in the second quarter of 2023, down from 4% in Q1, according to Marsh,...
Update: Burning Car Carrier Off Dutch Coast Towed Away From Shipping Lanes July 31, 2023 A burning car carrier off the Dutch coast has been towed to a new location away from shipping lanes as...
Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re July 28, 2023 By L.S. Howard Natural disasters during the first half of 2023 cost insurers an estimated US$43 billion with an overall economic price tag...
Ship Carrying BMWs and Mercedes Ablaze Off Dutch Coast Could Burn for Days July 28, 2023 By Cagan Koc and Wilfried Eckl-Dorna A cargo ship carrying almost 3,800 cars and construction vehicles is likely to continue burning for days, according to the...
Climate Change Lawsuits More Than Double in 5 Years as Impacts Hit Home July 27, 2023 By Gloria Dickie The number of court cases related to climate change has more than doubled in five years as impacts ranging from...
Airlines Face Doubling in War Insurance Premiums After Sudan Losses: Sources July 26, 2023 By Carolyn Cohn Airlines could end up paying twice as much for insurance they need to protect themselves against losses triggered by war...
Human-Induced Climate Change Plays ‘Overwhelming’ Role in July Heatwaves: Scientists July 26, 2023 By David Stanway Human-induced climate change has played an “absolutely overwhelming” role in the extreme heatwaves that have swept across North America, Europe...
Update: Ship Carrying 3,000 Cars Ablaze off Dutch Coast, One Crewmember Dead July 26, 2023 By Charlotte Van Campenhout and Rishabh Jaiswal A fire blazed on a ship off the Dutch coast with nearly 3,000 vehicles on board on Wednesday, killing one...
Scientists Alarmed About Antarctica’s Unprecedented Lack of Sea Ice Growth July 26, 2023 By Brian Kahn Amid a summer of record heat, the most dramatic impact may be taking place under the cover of Antarctic night....