News
Results Too Good? Swiss Re Boosts Reserves ~$1B Amid Surprises
Lower than expected catastrophe losses in the second quarter helped fuel nearly $1 billion in net profit for Swiss Re during the period, and a 16 percent jump in profit to $2.1 billion for the first ...
2024 U.S. Weather Disasters Stack Up
The U.S. has sustained 395 weather and climate disasters since 1980 where overall damages/costs reached or exceeded $1 billion (including CPI adjustment to 2024). According to the National Centers ...
Inaccurate Reports Involving Child Passenger Injuries Could Impact Crash Safety Strategies
A new study has found discrepancies between crash reports and hospital data might paint an incomplete or inaccurate picture of how crashes impact the safety of child passengers, according to ...
Report: Cargo Theft Soars 49% in First Half of 2024
A surge in cargo thefts at freight hubs and major cities across North America has raised alarm bells as incidents skyrocketed by 49 percent in the first half of 2024 compared to the same period last ...
OMAC Is Hull Carrier for Sunken Yacht in Sicily
Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit by a ferocious storm earlier this month, sinking off the northern coast of ...
Hiscox Confirms Chairman Bloomer Died During Yacht Accident Off Coast of Sicily
Hiscox Ltd. issued a statement confirming that the insurer's chair, Jonathan Bloomer, and Bloomer's wife, Judy, died in the tragic sinking of the yacht Bayesian off the coast of Sicily on Monday, ...
Tornado-Like Waterspouts Are ‘More Likely’ as the Mediterranean Warms
The type of weather phenomenon that may have led billionaire Mike Lynch's yacht to sink in the Mediterranean this week is now more likely to happen as global warming has raised sea temperatures, ...
Study Finds Climate Reporting Insufficient, Suggests Expansion
Climate reporting standards are insufficient and must be expanded, according experts at the Smith School of Enterprise and the Environment, University of Oxford. Researchers say current climate ...