Natural catastrophes (Nat Cats)
Business interruption: Business, interrupted
Increased data availability may have transformed business interruption cover, but the sector still has much work to do in improving communication, clarity and policy wordings
Cyclone Hudhud could trigger $400m of insured property claims, says AIR
Catastrophe modeler AIR Worldwide expects the deadly cyclone which hit East India on 12 October to cost between $100m and $400m of insured property claims.
Firefighters investigate cause of Didcot power station blaze
Firefighters from three different forces have been tackling a major fire at Didcot B power station in Oxfordshire.
Major claims expected from Cyclone Hudhud
Cyclone Hudhud, which hit East India on Sunday, has killed at least 25 people and caused disruption at major port Visakhapatnam.
Renewable energy: An ill wind?
If a recent Swiss Re report is to be believed, investment in renewable energy is set to skyrocket in the coming years – so why do insurers seem wary of taking on the sector’s risks?
Magnitude 6 earthquake rocks Yunnan province, China
Yesterday evening a magnitude 6 earthquake killed one and injured over 300 people in Yunnan, in South-West China.
Claims Leakage: Tackling claims leakage
Natural disasters can test claims management systems to the limit, posing significant challenges to insurers
Over 460 dead from Pakistan and India flooding
460 people have been killed by horrific floods in India and Pakistan which have already displaced a million people.
Swedish flood claims more than double in 2014
Sweden’s insurers face a heavy hit from natural catastrophe claims, as the number of flood damage claims lodged reaches more than double the previous year’s total.
Sompo Japan offers typhoon insurance for island in Philippines
PGA Sompo Japan will offer 'Typhoon Guard' for agricultural producers on the island of Mindanao in southern Philippines.
Guy Carpenter rolls out new European hail model
Guy Carpenter has launched a probabilistic hail model for Europe.
Research centre warns on Australia summer bushfire risk
The Natural Hazards Cooperative Research Centre in Australia is warning of a greater than normal chance of bushfires across much of Australia for summer 2014-15.
Reinsurers urged to work with governments to improve disaster resilience
Rising losses in the wake of natural catastrophes is increasing economic instability in many developing and emerging economies, according to a report by Standard & Poor’s.
Insured disaster losses fall by $4bn in first six months of 2014
Total economic losses from natural catastrophes and man-made disasters reached $44bn (£26.5bn) in the first half of 2014, according to preliminary estimates from Swiss Re’s Sigma database.
San Francisco rocked by magnitude 6.0 earthquake
Strongest earthquake in 25 years causes damage to buildings and three very serious injuries.
Amlin profits slide in H1 as large catastrophe losses grow
Lloyd’s insurer Amlin chalked up a reduced profit before tax of £148.5m in the first half of 2014 (H1 2013: £161.4m) as an uptick in large catastrophe losses took its toll.
RMS unveils Asia exposure databases for five countries
Risk modeling firm RMS has unveiled a list of exposure concentrations for the Philippines, South Korea, Taiwan, Thailand and Vietnam.
Windstorm Tini loss estimate climbs to £224m
A windstorm which rampaged across the UK and Ireland in mid-February is now estimated to have cost the insurance industry €281m (£224m).
Typhoon Halong kills 10 and brings unprecedented rain to Japan
Super Typhoon Halong slammed into Japan over the weekend causing havoc.
Typhoon Rammusun's economic losses were $6.5bn
Super Typhoon Rammasun is the costliest weather event of 2014 so far after causing $6.5bn of economic losses according to catastrophe firm Impact Forecasting.
C-Suite - Insurer: Understanding disaster risk
Companies must provide more information about the risks they face to allow better capital allocation
Evacuations ordered as Typhoon Halong approaches Japan
Half a million people have been ordered to evacuate from Japan's Shikoku island as Super Typhoon Halong approaches the shore.
Earthquake in China kills over 500; causes extensive damage
A magnitude 6.1 earthquake in Yunnan, a province in South China, killed at least 589 people and injured more than 1 800.
Masojada hails underlying currencies growth but remains cautious on full year
Hiscox chief executive Bronek Masojada has hailed premium growth in underlying currencies during the first half of 2014 despite the firm posting reduced gross written premiums for the first six months.