RenaissanceRe Holdings Ltd. announced it currently estimates that the cost of claims from third quarter 2018 catastrophe events will have an estimated net negative impact of approximately $155 million on its third quarter 2018 results. The estimated losses for these …
Swiss Re AG said it will post relatively “large” losses from claims in the third quarter, as man-made disasters including the collapse of a bridge in Italy add to damage from storms. Natural disaster claims, mainly from Japan and North …
A tropical storm has battered eastern Yemen, with three days of heavy rainfall and flooding injuring dozens of people, destroying property and killing livestock, Yemeni officials and the United Nations said Tuesday. They said that around 70 percent of the …
Flash floods tore through towns in southwest France, turning streams into raging torrents that authorities said killed at least seven people and seriously injured five others. Some people had to be helicoptered to safety from the roofs of their homes …
A weakened Hurricane Leslie slammed into the coast of Portugal, leaving 27 people injured as it uprooted trees, brought down power lines and smashed store windows with gusting winds and heavy rain. Over 60 people were forced to leave their …
CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced that Barbados will receive a payout of US$5,813,299 for excess rainfall that occurred during the passage of Tropical Storm Kirk. Barbados has been a member of CCRIF since its inception …
A severe cyclone damaged homes and blew down trees and power poles in eastern India, where nine people were killed and about 300,000 forced to move to higher ground. Cyclone Titli, or Butterfly, had winds blowing up to 150 kph …
Hurricane, flood, and earthquake damages made September the costliest month for natural catastrophes in 2018, according to a report from Aon’s Impact Forecasting team. September is typically the busiest month for tropical cyclone activity around the globe – and 2018 …
Tropical Cyclone Luban has strengthened in the Arabian Sea to the equivalent of a Category 1 hurricane, according to Ann Arbor, Mich.-based Weather Underground, quoting the U.S. Joint Typhoon Warning Center. The tropical cyclone is expected to weaken to a …
Italian freight forwarders who say their business has been affected by a deadly bridge collapse in Genoa are taking legal advice and considering whether to sue toll-road operator Atlantia if the group is found responsible. The government has blamed an …
