natural catastrophe claims News
QBE Faces $1.2B in ‘Unprecedented’ Natural Catastrophe Claims for 2017
QBE announced to the market this week that it expects a $1.2 billion after-tax loss in 2017 on "unprecedented" natural catastrophe claims. "This has been a challenging year for QBE, reflecting an ...
Navigation Apps May be Steering L.A. Drivers Toward Fires
Navigation apps like Alphabet Inc.'s Waze, which can do wonders directing drivers through traffic, backfired for some motorists trying to maneuver around the wildfires that are raging across Southern ...
Wildfires Halt L.A. Filming, Threaten Crops, Hammer Major Utility’s Market Value
Wildfires raging across Southern California have shut a major commuter artery in Los Angeles, suspended filming, wiped out more than $3 billion of market value for regional utility Edison ...
Munich Re, Hannover Re Hit With Higher Q1 Natural Catastrophe Claims
Reinsurers Munich Re and Hannover Re both reported that first-quarter results are on track to meet their annual targets, despite Q1's higher level of catastrophe claims. Munich Re reported ...
Cyclone Debbie, Other Weather Events Hammer Swiss Re’s Q1 Net Income
Swiss Re reported net income of $656 million during the first quarter of 2017, a 45 percent drop from $1.2 billion reported in the same period last year. Swiss Re's Q1 result was hammered by expected ...