Property Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals November 23, 2022 Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according...
Australia’s Extreme Weather Events to Worsen as Climate Warms: Report November 23, 2022 By Ainslie Chandler Australia will experience an increase in extreme heat, intense rainfall and coral-bleaching events, as well as longer fire seasons and...
Counting the Rising Cost of Climate Change With Top Most Costly Natural Disasters November 16, 2022 Climate change has raised the cost of natural disasters, as rising sea levels and drought increase the frequency and severity...
By Modeling Players’ Insurable Values, Lloyd’s Predicts England Will Win World Cup November 10, 2022 Lloyd’s of London predicts that England will beat Brazil and emerge victorious at the 2022 FIFA World Cup – with...
Inflation, Debt Crisis, Cost of Living Pose Top Business Risks in G20 Nations: Survey November 7, 2022 Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in...
Ukraine War, Geopolitics Fuel Cyber Attacks: EU Agency November 4, 2022 By Foo Yun Chee Geopolitics such as Russia’s invasion of Ukraine has led to more damaging and widespread cybersecurity attacks in the year to...
U.S. Banks Spent $1B on Ransomware Payments in 2021: Treasury Department November 2, 2022 By Jack Gillum US financial institutions spent nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating...
Aon: Business Leaders Say Recession Looms; What Sets Prepared Companies Apart? November 1, 2022 Despite a majority of global business leaders expecting a recession within the next year, many still have a positive outlook...
Road Accidents Jump 22% During Week After Clocks Go Back November 1, 2022 Claims for road accidents in the UK jumped by over a fifth (22%) in the week after the clocks went...
Initial Insured Loss for Typhoon Nanmadol Estimated ¥114B (US$768M) November 1, 2022 Initial insurance industry losses from Typhoon No. 14, aka Nanmadol, which hit Japan in September 2022, are an estimated 114...