Oil-Sands Capital of Canada Now Grappling With Second Wildfire May 16, 2024 By Robert Tuttle and Brian K. Sullivan The unofficial capital of Canada’s oil-sands industry is now facing a second wildfire that’s north of the city and closer...
Update: Wildfire Threat to Oil-Sands Capital Expected to Ease as Winds Shift May 15, 2024 By Robert Tuttle and Brian K. Sullivan The threat of a wildfire bearing down on the unofficial capital of Canada’s oil-sands industry is expected to lessen as...
Canadian Crews Battle Wildfire Threatening Remote Western Town May 14, 2024 By Ismail Shakil Firefighters on Monday battled a large wildfire heading towards a remote western Canadian town as winds and tinder dry conditions...
Mexico Is Battling 159 Active Wildfires May 10, 2024 By Andrea Navarro Mexico is fighting 159 active wildfires across the country amid the year’s second heat wave that has also put the...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon April 30, 2024 By L.S. Howard Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion,...
Strong Prices Support London Market Profits, Prompting Revision in AM Best Outlook April 22, 2024 The strong pricing environment for most business lines written in the London insurance market is expected to support good underwriting...
The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re March 26, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...
Hedge Fund That Rode Catastrophe Bond Rally Mounts Tactical Retreat March 13, 2024 By Gautam Naik A hedge fund that last year delivered its best result ever thanks to catastrophe bonds is now scaling back its...
US, Philippines Pay Highest Economic Price for Climate-Fueled Weather February 28, 2024 By Leslie Kaufman The United States and the Philippines are the countries hit hardest by climate-driven extreme weather, measured as a percentage of...
Risk Models Behind Insurance-Linked Securities Are Getting a Lot Harder to Crack February 26, 2024 By Gautam Naik and Sheryl Tian Tong Lee As the best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on...