BI
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LA wildfires set to cost Europe’s top reinsurers 30% of nat cat budget
Insured losses from the ongoing wildfires in Los Angeles could cost Europe’s largest reinsurers more than 30% of their natural…
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LA smoke damage claims may prompt coverage questions
Smoke damage from the Los Angeles wildfires will increase uncertainty about the size of insured losses and may spark coverage…
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Covid-19 BI disputes open at UK Court of Appeal
The UK Court of Appeal has opened the first of two hearings this month in the next instalment of Covid-19…
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Climate change hits record high in Allianz Barometer but cyber risk retains top spot
Cyber, business interruption (BI) and nat cats remain the three most-feared global business risks in the latest Allianz Barometer, but…
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Captives no magic wand for French risk managers
French companies considering setting up captives as an alternative for risks in which insurers have shown little, if any, appetite,…
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Growing demand for cartel insurance in Mexico, says Chaucer
Demand in Mexico for insurance against cartels and other organised crime is rising, according to speciality (re)insurance group Chaucer. It…
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Valencia floods set to be biggest nat cat loss ever in Spain
Estimates of the damage caused by floods in southeastern Spain early this month are rising and signs are that it…
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Spanish flood losses to easily exceed €1bn
Extreme flooding triggered by severe torrential rainfall in eastern and southern regions of Spain has led to one of the…
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Moody’s RMS and CoreLogic add Milton loss estimates
Moody’s RMS has added its estimate of private insured losses from Hurricane Milton at between $22bn and $36bn, with a…
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Insured losses from Milton close to $36bn: KCC
Privately insured losses from Hurricane Milton, the second major hurricane to make landfall in Florida in just two weeks, will…
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Cyber business interruption exposures escalate claims
Business interruption claims can add substantial costs to cyber incidents and take time to reconcile, insurance and technology experts say.…
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Power market starting to turn in favour of buyers: WTW
Insurance buyers in the power sector are seeing a “softening” in market conditions after years of enduring a hard market…
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Hurricane Helene losses close to $6.4bn: KCC
Privately insured losses from Hurricane Helene, the deadly storm that caused devastating damage from Florida to the Carolinas last week,…
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Liberty Mutual to provide parametric earthquake coverage
Liberty Mutual Re, the reinsurance division of Liberty Mutual Insurance, has partnered with technology company Safehub to provide the University…
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Verisk and RMS add Storm Boris loss estimates
Insured losses from flooding in central Europe last month triggered by Storm Boris have been pegged at between €2bn and…
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Hurricane Helene losses bumped up after ‘catastrophic’ flooding
Insured losses from Hurricane Helene are expected to be higher after the storm made landfall in Florida on Thursday as…
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Climate change doubles risk of another Storm Boris in Europe
Climate change has doubled the likelihood of a heavy rainfall event in central Europe, according to new research, as seen…
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Half of UK commercial properties at risk from underinsurance
Nearly half (46%) of UK commercial properties do not have the proper level of insurance, according to a report from…
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Losses from Europe’s Storm Boris €2bn-€3bn: Gallagher Re
Insured losses from Storm Boris/Anett, which brought persistent rain and flooding to parts of central Europe over the past week,…
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Francine insured losses less than $2bn: Moody’s
Insured losses from Hurricane Francine, which hit the Gulf coast of the US earlier this month, are estimated at between…