Fire a Growing Risk to Shipping Because of Lithium-ion Batteries, Allianz Says September 6, 2022 By Jim Sams Fire has always been a peril for shipping, but the advent of lithium-ion batteries has elevated the risk to the...
Reinsurers Adopt Divergent Strategies About Natural Catastrophe Exposures: S&P August 31, 2022 By L.S. Howard The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers...
Greenland’s Melting ‘Zombie Ice’ Will Raise Global Sea Level by 10 Inches: Report August 31, 2022 By Seth Borenstein Greenland’s rapidly melting ice sheet will eventually raise global sea level by at least 10.6 inches (27 centimeters) — more...
Droughts, Floods, Other Water-Related Disasters Could Cost Economy $5.6T by 2050 August 29, 2022 By Gloria Dickie Worsening droughts, storms and torrential rain in some of the world’s largest economies could cause $5.6 trillion in losses to...
Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits August 24, 2022 U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases...
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData August 23, 2022 Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability...
Europe’s Drought May Be Worst in 500 Years: Report August 23, 2022 Europe is currently in the throes of a drought that appears to be the worst in at least 500 years,...
Reinsurance Capital To Drop $40 Billion at Year-End 2022: AM Best August 22, 2022 AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after...
Insured Losses From February’s European Windstorms Estimated at €3.7B: PERILS August 19, 2022 Insured losses for the European windstorm series, which affected the British Isles and continental Europe in February 2022, are estimated...
U.S. Businesses in Taiwan See Limited Impact From Tensions With China August 19, 2022 Most members surveyed by the American Chamber of Commerce in Taiwan said they had not been significantly affected by recent...