Storms that battered NSW early last month caused $176 million in insured damage from 14,781 claims, the I...
Turkey quake insured loss estimates rise as damage takes shape
An aerial view of destroyed buildings in Hatay, Turkey, after the country's southeast was rocked by magnitude 7.8 and 7.5 earthquakes on Feb. 6....
An aerial view of destroyed buildings in Hatay, Turkey, after the country's southeast was rocked by magnitude 7.8 and 7.5 earthquakes on Feb. 6....
Article / 1 year ago
Insurers unable to tally up true cost of Ukraine war
The insurance industry is struggling to gauge the cost of Russia's war with Ukraine a year after the conflict began....
The insurance industry is struggling to gauge the cost of Russia's war with Ukraine a year after the conflict began....
Article / 1 year ago
Catastrophe losses drop sharply YOY in Q1 for many big US insurers
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Article / 2 years ago
P&C insurers seeing catastrophe loss respite in Q4'21
Claims may be manageable for underwriters during the period, but Jefferies analyst Philip Kett cautioned of possible loss creep...
Claims may be manageable for underwriters during the period, but Jefferies analyst Philip Kett cautioned of possible loss creep...
Article / 2 years ago
Reinsurers bearing Q3 catastrophe loss load from Ida, European floods
RenaissanceRe CEO Kevin O'Donnell during an earnings call said reinsurers have absorbed a significant share...
RenaissanceRe CEO Kevin O'Donnell during an earnings call said reinsurers have absorbed a significant share...
Article / 3 years ago
Insurers facing prospect of another 'above-average' Atlantic hurricane season
The National Oceanic and Atmospheric Administration's Climate Prediction Center anticipates 13 to 20 named storms...
The National Oceanic and Atmospheric Administration's Climate Prediction Center anticipates 13 to 20 named storms...
Article / 3 years ago
Jan. 1 renewals yield mixed results for reinsurers, buyers
While rate increases may have been below reinsurers' expectations...
While rate increases may have been below reinsurers' expectations...
Article / 3 years ago
COVID-19, economic issues complicating assessment of Beirut blast claims
The size of the claims bill from the massive port explosion in Lebanon's capital is uncertain, although early indications have begun to emerge, and losses may take a while to determine...
The size of the claims bill from the massive port explosion in Lebanon's capital is uncertain, although early indications have begun to emerge, and losses may take a while to determine...
Article / 4 years ago
Beirut explosion likely to be a major loss for Hannover Re, exec says
But P&C head Sven Althoff told analysts that it is impossible to say at this early stage how big the loss will be from the disaster...
But P&C head Sven Althoff told analysts that it is impossible to say at this early stage how big the loss will be from the disaster...
Article / 4 years ago
COVID-fueled supply chain disruption a crunch point for insurance claims
Claims professionals have overcome a number of challenges that the coronavirus pandemic has thrown at them, but lack of materials to repair vehicles and buildings is hampering claims fulfillment...
Claims professionals have overcome a number of challenges that the coronavirus pandemic has thrown at them, but lack of materials to repair vehicles and buildings is hampering claims fulfillment...
Article / 4 years ago
