Catastrophe Experts Tap AI to Tackle Soaring Insured Losses March 26, 2025 By Gautam Naik Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes ranging...
Zurich Insurance Sees $200 Million LA Wildfire Loss February 21, 2025 By Noele Illien Zurich Insurance Group AG is expecting pretax losses of $200 million from the January California wildfires as the insurer reported...
80% of Residents Say New York City Is Unprepared for Climate Risks October 24, 2024 A recent survey reveals that a 80% of New York City residents feel their city is unprepared for climate-related risks....
Zurich Insurance Eyes Buying $400M Stake in General Insurance Arm of India’s Kotak June 14, 2023 By M. Sriram Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General Insurance, two sources with direct...
Zurich Insurance Reports 12% Drop in Net Income to $4.6B, but Exceeds Targets February 10, 2023 By L.S. Howard Zurich Insurance Group reported net income attributable to shareholders of $4.6 billion in 2022, a 12% decrease from $5.2 billion...
Environmental Risks, Climate Change Ranked as Top Risks Facing Planet: WEF Survey January 11, 2023 By Mark John Failure to tackle climate change and environmental degradation dominate the ranking of top risks facing the planet in the next...
Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move November 22, 2022 By L.S. Howard Zurich Insurance Plc (ZIP), the Dublin-based wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a...
Malaysian Central Bank Sets 2023 Cutoff for Foreign Insurer Stake Sales: Sources July 18, 2022 By Elffie Chew Malaysia’s central bank is giving foreign insurers until the end of 2023 to either reduce stakes in their local ventures...
The Global Urgency of Building the Carbon Removal Industry July 13, 2022 By L.S. Howard “If you build it, they will come.” This famous, but paraphrased, quote from the film “Field of Dreams” is apropos...
Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero July 13, 2022 By L.S. Howard Ditching investments in fossil fuel businesses—and denying them insurance—aren’t the only ways for the insurance industry to participate in the...