MEXICO CITY – Mexican billionaire Carlos Slim’s construction arm Grupo Carso faces scrutiny from accident investigators for the possible role it played in the building of a metro railway line that collapsed this month, killing 26 people. While no officials …
A storm that moved across eastern Canada from March 26-29 brought heavy rain and strong winds, causing C$50 million (US$41.5 million) in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). Damage reports spanned the region …
A severe cyclonic storm made landfall on India’s west coast, home to major refineries and ports, causing heavy rain and strong winds at a time when the nation is already battling the world’s worst outbreak of COVID-19. Cyclone Tauktae, equivalent …
Insurers face multi-billion-dollar losses from U.S. hailstorms during April, according to Aon’s Global Catastrophe Recap report, which each month analyzes the impact of natural disaster events worldwide. The report said severe weather in the U.S. resulted in outbreaks of thunderstorms, …
Bermuda-based Argo Group International Holdings Ltd. announced estimated catastrophe losses of approximately $47 million for the first quarter of 2021. Argo expects to report Q1 natural catastrophe losses of approximately $43 million, primarily related to Winter Storm Uri. Approximately half …
CAPE TOWN, South Africa – Fire crews had largely contained a big wildfire on the slopes of Cape Town’s Table Mountain on Tuesday as the city started to come to terms with the damage caused by what officials described as …
Bermuda-based Everest Re Group Ltd. estimates pre-tax catastrophe losses for the first quarter of $260 million. Breaking down that total, Everest said the Texas winter storms will cost $250 million, while Australia’s New South Wales floods will cost $10 million. …
More than 250 firefighters in Cape Town battled a massive blaze that broke out on the slopes of the city’s Table Mountain on Sunday and spread to a university campus, severely damaging at least three buildings and forcing student residences …
Arch Capital Group Ltd. estimated a range of pretax catastrophe losses of $180 million to $190 million for the first quarter across its property casualty insurance and reinsurance segments. A major reason for the claims during Q1 will be January’s …
Bermuda-based AXIS Capital Holdings Ltd. announced a preliminary, pre-tax first quarter net loss estimate for catastrophes and other weather-related events in the range of $105 million to $115 million, or $95 million to $105 million, after-tax. The pre-tax net loss …
