Claims & Reserving
BOC Aviation Says Lessors Seeing ‘Horrendous’ Hikes in Insurance Costs
The likely huge insurance claims related to the cancellation of aircraft leases in Russia is already leading to "horrendous" hikes in the cost of renewing policies, the chief executive of major ...
March U.S. Tornado Activity Likely to Set Record
It appears there were more tornadoes across the U.S. this year in the month of March than ever before — possibly by a large margin. According to the National Oceanic and Atmospheric ...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B
Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50 percent of those claims, according to a report published by ...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re
More than 50 severe flood events around the world caused combined economic losses of $82 billion in 2021, while insured losses stood at slightly more than $20 billion—more evidence of a large ...
J&J’s Victory Over Cancer Victims Clears Path for 3M, Others
A court ruling allowing Johnson & Johnson to use a controversial bankruptcy strategy to force cancer victims into potential settlement talks has raised the odds that other companies facing costly ...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms
Russia's move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave of insurance claims from leasing firms whose fleets have effectively ...
Tussle Over Connected Car Data Shifts Into High Gear; EU Mulling Regs
Where you go. What you pass. Where you stop. What you listen to. What you watch. Your good habits. Your bad habits. Companies in Europe and beyond are vying for control of the crown jewels of the ...
Commercial Litigation Funding and Social Inflation: A Non-Sequitur
Voices in the insurance industry have recently called for the regulation of commercial litigation funding on the ground that it is "a key driver of social inflation." Such calls to action lack ...