RenaissanceRe Expects Q1 Loss from U.S. Winter Storm Uri April 15, 2021 Bermuda-based RenaissanceRe Holdings Ltd. estimated that losses from Winter Storm Uri will have a net negative impact of approximately $180...
Cyclone Seroja Damages Towns in Western Australia with Strongest Winds in 50 Years April 14, 2021 PERTH, Australia (AP) – A destructive cyclone has damaged several towns on Australia’s western coast, shattering windows, snapping trees and...
$1B Insurance Price Tag for U.S. Severe Weather in March (and Other Global Events): Aon April 12, 2021 Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public...
Insurance Unlikely to Cover All Shipowners’ Expenses Incurred in Suez Closure Chaos March 30, 2021 By Jonathan Saul and Carolyn Cohn The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at...
Suez Canal Blockage Likely to Bring Large Losses for Global Reinsurers: Fitch March 29, 2021 The blocking of the Suez Canal and resulting disruption to global shipping is likely to cause a large loss event...
Update: Stranded Container Ship Is Refloated; Suez Canal Shipping Traffic Resumes March 29, 2021 By Yusri Mohamed, Nadine Awadalla and Aidan Lewis ISMAILIA, Egypt – Shipping was on the move again late on Monday in Egypt’s Suez Canal after tugs refloated a...
Insurance Council of Australia Declares Catastrophe for Parts of New South Wales March 22, 2021 The Insurance Council of Australia (ICA) has declared a Catastrophe for large parts of New South Wales, a state in...
Australia Battered by Worst Flooding in 60 Years March 22, 2021 By Jill Gralow and Renju Jose PITT TOWN, Australia — Australia was set on Monday to evacuate thousands more people from suburbs in Sydney’s west, battered...
A U.S. Storm that Will Break Insurance Records – and Other February Storms, Quakes March 15, 2021 February saw a spate of winter storms in the United States, including the period from Feb. 12-20, which will become...
Sinkholes Emerge After Croatia’s Deadly Earthquake in December March 8, 2021 By Darko Bandic MECENCANI, Croatia – After the deadly earthquake came the sinkholes. A central Croatian region about 40 kilometers (25 miles) southwest...