Climate Change Exacerbated Germany’s Deadly Floods: Report August 24, 2021 By Laura Millan The heavy rains and floods that killed at least 220 people in Belgium and Germany this summer were made more...
It Turns Out That Humans Are Secret Weapon for Autonomous Vehicle Startups August 23, 2021 By Hyunjoo Jin Self-driving startups like Cruise and Pony.ai have begun testing their driverless cars in some parts of California in the past...
Insured Losses from European Floods Estimated at $6 Billion-$7.7 Billion: RMS August 23, 2021 RMS, the Newark, Calif.-based catastrophe modeling company, estimates that insured losses from the Western and Central Europe flooding, which occurred...
Early COVID-19 Vaccinations Prevented 140,000 Deaths: Study August 20, 2021 A new study by Indiana University and RAND Corp. assessed the impact of COVID-19 vaccinations and found that 139,393 deaths...
Europe Reinsurers’ H1 Profits Climb on Lower COVID Claims, Hardening Prices: Moody’s August 19, 2021 The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits...
Catastrophe Bond Market Breaks New Record with $8.5 Billion of Securities Issued August 18, 2021 Catastrophe bonds broke a record during the first half of the year with about $8.5 billion of new securities issued,...
Global Fast Fashion Brands Helping to Drive Pollution of African Rivers: Report August 18, 2021 By Emma Rumney JOHANNESBURG – Global fast fashion brands are helping drive pollution that has dyed African rivers blue or turned their waters...
Agencies Ride Commercial Prices, Reopened Economy to Record Organic Growth August 17, 2021 Buoyed by the hard market and rebounding economy, Independent insurance agents and brokers grew overall by 7.1% in the second...
Report Finds Some Progress on Global Strategies to Reduce Cyber Risks August 16, 2021 Despite the overall worsening cybersecurity climate, there’s been some global progress in developing strategies to reduce risk. “We are seeing...
Global Insured Disaster Losses Reach US$42B in H1 as 2nd Highest on Record: Swiss Re August 13, 2021 Estimated insured losses from natural catastrophes reached US$40 billion during the first half – driven by a deep winter freeze,...