Extreme Weather in Germany Costs Insurers US$5.4 Billion in 2023: GDV December 29, 2023 Extreme weather in Germany again caused high insurance claims this year, with an estimated price tag of €4.9 billion (US$5.4...
A&E Loss Payouts on the Rise; Reserves Will Run Off in 8 Years December 20, 2023 A new AM Best segment report details asbestos and environmental (A&E) losses and reserve decline through the end of 2022....
Flooding Drives Millions to Move as Climate Migration Patterns Emerge December 19, 2023 By Michael Phillis and Camille Fassett Flooding is driving millions of people to move out of their homes, limiting growth in some prospering communities and accelerating...
Initial Insured Losses for Windstorm Ciarán (aka Emir) Estimated at €1.9B: PERILS December 18, 2023 Initial industry losses for extratropical windstorm Ciarán, also known as Emir, are estimated at €1.9 billion (US$2.1 billion), according to...
UK at High Risk of ‘Catastrophic’ Cyberattack Affecting Critical Infrastructure: Report December 15, 2023 By Margi Murphy The UK is at high risk of a “catastrophic” ransomware attack that could bring critical national infrastructure to a standstill...
Harassment of Women in Financial Services Eclipses Other Industries: Aviva CEO Blanc December 14, 2023 By Kirstin Ridley Amanda Blanc, the CEO of insurer Aviva, told British lawmakers on Wednesday that physical and verbal harassment of women in...
Crypto, Insurance-Linked and Trend Hedge Funds Most Popular With Investors: Report December 13, 2023 By Nell Mackenzie Trend-following and niche hedge funds that trade crypto currencies and insurance-linked assets attracted most new investor money in the first...
Infrastructure Faces $600B Hit in Worst-Case Climate Shift: Study December 13, 2023 By Katy Daigle and Simon Jessop Infrastructure investors face losing nearly a third of their money, or around $600 billion, if countries do not plan for...
US P/C Industry Turns in $32.2B Underwriting Loss After 9 Months December 8, 2023 U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion. The result,...
AM Best Maintains Stable Outlook for U.S. Property/Casualty Commercial Lines December 6, 2023 Persistently strong underwriting performance during and after the global pandemic – despite substantial economic and capital markets volatility – has...