International
Moderating Premium Rates, Falling Yields: European Insurers Resilient
European insurers are approaching the new year from a position of strength, having benefited from supportive interest rates and pricing cycles over the past two years. However, 2025 is expected to ...
INTERPOL, Canada Government Join Forces to Put Brakes on Transnational Vehicle Theft
A new initiative, between INTERPOL and the Government of Canada, will target the multi-billion dollar global industry fueling organized crime involved in vehicle theft and illegal trade of spare ...
Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon
The third quarter of 2024 saw a significant number of natural disaster events, which drove year-to-date economic losses above at least $258 billion and insured losses of at least $102 billion, ...
Central European Floods to Cost Insurers $2.2B to $3.4B: Verisk
Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2 billion (US$2.2 billion) to €3 billion (US$3.4 billion), according to ...
Deadly Central Europe Flooding Made Twice as Likely by Climate Change
Human-caused climate change doubled the likelihood and intensified the heavy rains that led to devastating flooding in Central Europe earlier this month, a new flash study found. Torrential rain in ...
Historic Rainfall Inflicts Chaotic Floods Across Four Continents
Severe rains bucketed down on central Europe, Africa, Shanghai and the U.S. Carolinas this week, underscoring the extreme ways in which climate change is altering the weather. Different ...
Sir Charles Roxburgh Named Carnegie-Brown Successor as Lloyd’s Chair
Lloyd's of London, the insurance and reinsurance marketplace, announced that Sir Charles Roxburgh has been named its next chair, subject to regulatory approval. Sir Charles will take up the position ...
Signs of Climate Change Seen Globally: Floods, Fires, Drought
The hallmarks of climate change—extreme heat and drought; larger, more intense wildfires and supercharged hurricanes, typhoons and rainstorms that lead to catastrophic flooding—are being seen and ...