Insured Losses From Natural Disasters Top US$100B for 5th Consecutive Year: Swiss Re December 6, 2024 By L.S. Howard Estimated insured losses from natural catastrophes are on track to surpass US$100 billion in 2024 – for the fifth consecutive...
Flood Adaptation Preferable to Post-Disaster Rebuilding – And Helps With Insurability November 19, 2024 By L.S. Howard Economic losses caused by natural catastrophes reached an estimated US$280 billion in 2023, with US$51.6 billion of that total due...
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 –...
Global Insured Losses From Severe Convective Storms Hit New High of $60B: Swiss Re December 7, 2023 Global insured losses from severe thunderstorms have hit a new all-time high of US$60 billion in 2023, with overall natural...
High Inflation Hiked P/C Claims Costs Up to 7.5% in 2022 March 24, 2023 By L.S. Howard High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to...
World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience December 7, 2022 By Esteban Duarte The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for...
Emerging Markets Are Growth Engines for Re/Insurance Industry: Swiss Re Report November 25, 2015 The global economy is expected to strengthen moderately next year, which will support insurance premium growth in most regions, according...
New Madrid Study Shows Need for Quake Coverage: Missouri Insurance Director July 28, 2015 Missouri’s top insurance regulator says a new report on exposures within the reach of the New Madrid seismic zone reinforces...
Number of Food Recalls and Their Costs Are Increasing: Swiss Re Report July 15, 2015 “Food manufacturers operate in a vast, globalized supply chain, where one mislabeled product or contaminated ingredient can cause sickness, death,...
EU, US Insurers Lost $400 Billion from Continued Low Interest Rates: Swiss Re March 26, 2015 A study, – “Financial repression: The unintended consequences -” released by Swiss Re, notes that “seven years after the financial...