International
Climate Change Protesters Disrupt Lloyd’s Headquarters
Climate change protesters in London have targeted insurance underwriting house Lloyd's of London for its role in enabling fossil fuel projects. The City of London Police said they were aware of ...
Non-Modeled Disaster Losses Are Growing Component of Insurance Claims: RMS
Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled characteristics of disasters, which are altering the industry's ...
BOC Aviation Says Lessors Seeing ‘Horrendous’ Hikes in Insurance Costs
The likely huge insurance claims related to the cancellation of aircraft leases in Russia is already leading to "horrendous" hikes in the cost of renewing policies, the chief executive of major ...
Cities Drive Greenhouse Gas Emissions but Can Provide Solutions to Climate Change
The world's cities are a big driver of planet-warming emissions but can play a major role in addressing climate change in the near future. U.N. scientists on Monday laid out ways to rein in emissions ...
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best
The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact on primary insurers' balance sheets, according to an AM Best report. ...
Inflation A ‘Major and Growing Concern’ for Reinsurers
With buyers' needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly, according to a broker report, which points to inflation ...
U.N. to Hold Companies to Their Net-Zero Pledges With Group of 16 Experts
The United Nations on Thursday announced the members of an expert group that will scrutinize corporate pledges to achieve net-zero emissions, an effort to prevent greenwashing as private sector ...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B
Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50 percent of those claims, according to a report published by ...