2024 Will Be World’s Hottest Year on Record, EU Scientists Say November 7, 2024 By Kate Abnett and Alison Withers This year is “virtually certain” to eclipse 2023 as the world’s warmest since records began, the European Union’s Copernicus Climate...
Spain Risks €10.6 Billion Flood Damage Bill, PM Sanchez Says November 6, 2024 By Rodrigo Orihuela, Macarena Munoz and Jorge Zuloaga Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200...
Valencia Asks for €31 Billion Rescue Package After Deadly Floods in Spain November 5, 2024 By Macarena Munoz The region of Valencia is asking Spain’s central government for rescue funds to help with rebuilding after floods last week...
Spain’s Floods to Cost Insurers More Than €1 Billion: Morningstar DBRS November 4, 2024 Southern Spain’s devastating floods are expected to cost insurers well above €1 billion ($1.1 billion), given the significant damage to...
Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best November 1, 2024 By L.S. Howard AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 – a five-year...
Penn Nursing Awarded $3.2 Million Grant to Improve Firearm Storage November 1, 2024 The University of Pennsylvania School of Nursing has been awarded a $3.2 million, five-year grant to develop an evidence-based secure...
Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon October 29, 2024 By L.S. Howard The third quarter of 2024 saw a significant number of natural disaster events, which drove year-to date economic losses above...
New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver October 29, 2024 A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16% by removing...
Global Commercial Insurance Rates See 1st Quarterly Decline in Seven Years: Marsh October 24, 2024 By L.S. Howard Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first...
80% of Residents Say New York City Is Unprepared for Climate Risks October 24, 2024 A recent survey reveals that a 80% of New York City residents feel their city is unprepared for climate-related risks....