Power Outages Increase as Extreme Weather Inflicts Toll on Aging Grid, Vulnerable Citizens April 7, 2022 By Matthew Brown, Camille Fassett, Patrick Whittle, Janet McConnaughey and Jasen Lo Power outages from severe weather have doubled over the past two decades across the U.S., as a warming climate stirs...
Cities Drive Greenhouse Gas Emissions but Can Provide Solutions to Climate Change April 6, 2022 By Daniel Trotta The world’s cities are a big driver of planet-warming emissions but can play a major role in addressing climate change...
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best April 5, 2022 The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact...
Global Insurers Want to Increase Private Equity Investments, as Inflation Hits Portfolios April 5, 2022 Insurers want to put more money into private equity this year as they contend with rising inflation and its effects...
Inflation a ‘Major and Growing Concern’ for Reinsurers April 4, 2022 With buyers’ needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly,...
Property Catastrophe Reinsurers Show Greater Risk Appetites as Price Hikes Continue April 1, 2022 Reinsurers have boosted their 2022 probable maximum loss (PML) exposures as higher prices continues to attract more capital to property-catastrophe...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B April 1, 2022 By L.S. Howard Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume...
Aircraft Leasing Firm AerCap Files $3.5B Insurance Claim for Jets Stuck in Russia March 30, 2022 By Siddharth Philip AerCap Holdings NV, the world’s largest aircraft-leasing firm, is seeking about $3.5 billion from insurers related to jets and engines...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re March 30, 2022 By L.S. Howard More than 50 severe flood events around the world caused combined economic losses of US$82 billion in 2021, while insured...
Jet Leasing Firms Tally Up Losses Stemming From Russia-Ukraine War March 30, 2022 By Siddharth Philip Aircraft leasing firms are tallying up losses stemming from Russia’s invasion of Ukraine, according to the head of Avolon Holdings...