A recent thread on a Reddit community for adjusters has brought to light the intense...
Weather damage insurance claims worst on record
Property insurers paid out the equivalent of £13 million every day last year to help homeowners and businesses cope with unexpected and unwanted events like flooding and theft, according to figures...
Property insurers paid out the equivalent of £13 million every day last year to help homeowners and businesses cope with unexpected and unwanted events like flooding and theft, according to figures...
PR / 29 days ago
The New Normal: $100 Billion in Insured Nat Cat Damages
For the fourth consecutive year 2023 saw a global insured loss exceeding US$100 billion, however with a total economic loss surpassing US$350 billion...
For the fourth consecutive year 2023 saw a global insured loss exceeding US$100 billion, however with a total economic loss surpassing US$350 billion...
PR / 4 months ago
Number of Billion-Dollar Disasters in 2023 Highest on Record
Insured losses reached $118 billion, with a protection gap of 69 percent...
Insured losses reached $118 billion, with a protection gap of 69 percent...
PR / 4 months ago
Weathering the Storm
Insurers expect to pay out an estimated £560 million to help customers who suffered damage caused by recent Storms Babet, Ciaran and Debi that struck in October and November according to figures out today from the...
Insurers expect to pay out an estimated £560 million to help customers who suffered damage caused by recent Storms Babet, Ciaran and Debi that struck in October and November according to figures out today from the...
PR / 5 months ago
Challenges and Opportunities in the Commercial Insurance Marketplace: A Year in Review and the Road Ahead
According to the latest Insurance Marketplace Realities report from WTW inflation continues to impact commercial insurance rates...
According to the latest Insurance Marketplace Realities report from WTW inflation continues to impact commercial insurance rates...
PR / 6 months ago
Moody's RMS Estimates Insured Losses from Windstorm Ciarán Will Likely Range Between 0.9 Billion Euro to 1.5 Billion Euro
France accounts for the majority of the loss....
France accounts for the majority of the loss....
PR / 6 months ago
Climate-Attributed U.S. Hurricane Losses to Increase by at Least 10 Percent Over 20 Years Under Selected Scenarios
Aon’s Academic Collaborations Deliver Actionable Climate Insights to Broad Range of Stakeholders...
Aon’s Academic Collaborations Deliver Actionable Climate Insights to Broad Range of Stakeholders...
PR / 11 months ago
Aon Expands Coverage of Europe Windstorm and Severe Convective Storm Models
Aon updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe models to incorporate emissions scenarios that inform current and future projections of climate and storm activity across the continent...
Aon updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe models to incorporate emissions scenarios that inform current and future projections of climate and storm activity across the continent...
PR / 1 year ago
Say what you mean. Mean what you say.
Once all the hurdles had been overcome, with the micro and macro changes that have influenced the hardening property reinsurance market in the 1/1 renewals, most programs...
Once all the hurdles had been overcome, with the micro and macro changes that have influenced the hardening property reinsurance market in the 1/1 renewals, most programs...
PR / 1 year ago
Reinsurers’ Underwriting Margins to Expand by 4pp in 2023
Reinsurers’ underwriting margins are likely to expand by 4pp on average in 2023 due to significant price rises, tighter terms and conditions and the withdrawal of cover related to the war in...
Reinsurers’ underwriting margins are likely to expand by 4pp on average in 2023 due to significant price rises, tighter terms and conditions and the withdrawal of cover related to the war in...
PR / 1 year ago
