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U.S. property catastrophe reinsurance rates rose by as much as 50 percent on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup losses from ...
Despite efforts to reduce vulnerability to catastrophic weather events such as Hurricane Ian, rapid population growth and increased storm frequency have driven loss expectations even higher, ...
The average annual loss from natural catastrophes has increased to $133 billion, a new high, according to latest analysis using Verisk's extreme event solutions models.. The increase in losses, ...
Insurers are bracing for heavy losses as Hurricane Idalia makes landfall in Florida's Big Bend region as an "extremely dangerous" Category 3 storm. The hurricane, which comes after a very expensive ...
The insured property losses resulting from the deadly and damaging wildfire that broke out on Aug. 8 in the town of Lahaina on the Hawaiian island of Maui has been estimated at around $3.2 billion, ...
A wildfire that quickly spread across the Hawaiian island of Maui last week will likely be responsible for the second worst disaster, in terms of insured losses, in Hawaii's history. Karen Clark ...
Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage in such a short time, according to Swiss ...
Catastrophe bond funds rank among the 10 best performing credit funds this year, as the hurricanes, earthquakes and other disasters that could trigger payouts have either not happened or not been ...
A deadly earthquake in Turkey and Syria as well as tornadoes and hailstorms in the United States contributed to losses covered by insurance of $43 billion in the first half of 2023, Munich Re said in ...
Annual U.S. severe weather insured losses for 2021 are jumping above $20 billion after a rough October, even before the year is complete, according to a new Aon report. "October is typically ...
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