'There is no doubt that climate change increases volatility, frequency and also severity,' says senior di...
Dubai floods put $8bn of aircraft at risk
Aircraft with a value of $8bn on the ground at Dubai’s airport were at risk of damage during unprecedented rainstorms last week...
Aircraft with a value of $8bn on the ground at Dubai’s airport were at risk of damage during unprecedented rainstorms last week...
Article / 14 hours ago
Global property insurers see 'alarming' losses as risk models lag, report says - Reuters
Global property and casualty insurers showed "alarming" underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report from consultants Capgemini said on Wednesday.
Global property and casualty insurers showed "alarming" underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report from consultants Capgemini said on Wednesday.
reuters.com /
Article / 7 days ago
UK insureds slowly winning the war on Covid-BI litigation - Commercial Risk
As Covid-19 business interruption (BI) insurance claims continue to grind their way through the English Courts, UK businesses are slowly recovering billions of pounds from their insurers...
As Covid-19 business interruption (BI) insurance claims continue to grind their way through the English Courts, UK businesses are slowly recovering billions of pounds from their insurers...
Article / 21 days ago
Baltimore bridge collapse could become biggest single marine insurance loss ever -- Lloyd's chairman
The collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson...
The collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson...
Article / 26 days ago
Baltimore Bridge May Trigger Historic Marine Loss, Says Lloyd's of London
Insurance payouts for the Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to...
Insurance payouts for the Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to...
Article / 27 days ago
Baltimore bridge loss estimated at $1bn-$3bn with Lloyd's share $250mn+
Early analyst estimates are converging around an industry loss of between $1bn and $3bn for the collapse of the Francis Scott Key Bridge in Baltimore...
Early analyst estimates are converging around an industry loss of between $1bn and $3bn for the collapse of the Francis Scott Key Bridge in Baltimore...
Article / 27 days ago
Baltimore bridge collapse costs could ‘run into the billions' - insuranceNEWS.com.au
The total cost of a Baltimore bridge collapse and associated claims could run into the billions of dollars and add to challenges in the reinsurance market, AM Best...
The total cost of a Baltimore bridge collapse and associated claims could run into the billions of dollars and add to challenges in the reinsurance market, AM Best...
insurancenews.com.au /
Article / 28 days ago
Insider in Full: Fears that Baltimore bridge P&C claim could exceed Costa Concordia
Reinsurers and retro writers will bear the brunt of the claim as signs mount that the collapse of the Francis Scott Key Bridge in Baltimore will become one of the largest losses ever to hit the marine market...
Reinsurers and retro writers will bear the brunt of the claim as signs mount that the collapse of the Francis Scott Key Bridge in Baltimore will become one of the largest losses ever to hit the marine market...
Article / 28 days ago
Insider US in Full: D&O rate rebound unlikely in '24 despite expected claims severity uptick
Public D&O rates are unlikely to rebound in 2024 as the market remains extremely competitive, though sources have noted that rate reductions have started to narrow...
Public D&O rates are unlikely to rebound in 2024 as the market remains extremely competitive, though sources have noted that rate reductions have started to narrow...
Article / 1 month ago
Climate change ‘not major driver' of soaring cat losses - insuranceNEWS.com.au
The frequency and severity of large natural catastrophe losses has soared in recent years, but a changing climate is not the major cause, Swiss Re says....
The frequency and severity of large natural catastrophe losses has soared in recent years, but a changing climate is not the major cause, Swiss Re says....
insurancenews.com.au /
Article / 1 month ago
