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 –...
Insured Losses From Severe Convective Storms in US Top $50B for 1st Time: Aon October 20, 2023 By L.S. Howard Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50...
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...
Global Insured Losses Estimated at $15B in Q1, With Economic Price Tag of $63B: Aon April 17, 2023 Private and public insurance entities saw an estimated $15 billion of global losses during the first quarter – close to...
Turkey’s Southeast Exodus After Deadly Earthquake Puts Manufacturing at Risk March 10, 2023 By Susana Vera and Ceyda Caglayan Mehmet Alkan, a shoe-sole manufacturer in Turkey’s earthquake-hit south, doesn’t know what will become of his company after some of...
Before Fatal Quake Collapse, Turkish Building Skirted Code, Thanks to Erdogan Policy March 6, 2023 By David Gauthier-Villars and Natalie Thomas MALATYA, Turkey (Reuters) — The Trend Garden Residence, an upscale serviced apartment building in the Turkish city of Malatya, boasted...
Turkey Issues Rebuilding Rules After Quake Leaves Millions Homeless, Kills Thousands March 3, 2023 Turkey issued rebuilding regulations on Friday for a region devastated by earthquakes this month to enable companies or charities to...
Moody’s RMS Estimates $5B Insured Losses From Turkey Quake as Costs Keep Mounting February 23, 2023 The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as...
Turkey Earthquakes to Cost Insurers $2.4 Billion: Karen Clark & Co. February 16, 2023 Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the...
Turkey Needs to Build Million Homes After Earthquakes, Developer Says February 16, 2023 By Taylan Bilgic Turkey would need to construct about a million new homes in the 10 provinces hit by the February 6 earthquakes,...