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A year after the Marshall Fire devastated suburban Colorado in the dead of winter, property/casualty insurers worldwide are grappling with the new realities of wildfire risk. They'll need a ...
Natural and man-made catastrophes cost the insurance industry $89 billion in 2020 – the fifth costliest year since 1970, according to a report from Swiss Re's sigma. Of that total, $81 billion ...
U.S. property/casualty insurance net income dropped by more than a fourth in the first nine months of 2020 as the industry was hammered by COVID-19 and an historic catastrophe season, according to a ...
Reinsurers' earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to a new ...
I have been on the catastrophe front lines. I have worked 12-hour days, seven days a week, for weeks on end estimating and paying for losses to ensure people had money to start repairing their ...
The Philippines' finance ministry said on Sunday it was exploring a plan to sponsor a catastrophe bond issue, similar to the one launched by the World Bank early this year covering Latin American ...
Severe cold weather and a winter storm that affected large parts of Europe during the second half of February and early March caused business interruption and other damages surpassing hundreds of ...
XL Group got smacked with a negative ratings outlook from Fitch Ratings, thanks to pre-tax natural catastrophe losses in Q3 that hit $1.48 billion. Fitch said it revised the ratings outlook to ...
ILS investors are responding to the recent spate of natural disasters by making their payments to ceding companies, while continuing to raise more money and preparing to make new investments, ...
Extreme August flooding in Louisiana and the Midwest took its toll in August, causing between $10 billion and $15 billion in economic losses, according to Aon Benfield's Impact Forecasting. Public ...
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