Storm
AIR Worldwide estimates total windstorm losses could reach £1.9bn
Catastrophe modelling firm AIR Worldwide has estimated total insured losses from windstorm Christian will range between €1.5bn and €2.3bn (£1.9bn).
AIR Worldwide estimates windstorm Christian losses could reach €2.3bn
Catastrophe modelling firm AIR Worldwide has estimated insured losses from windstorm Christian will range between €1.5bn and €2.3bn, with the majority of insured losses occurring in Denmark and Germany.
Europe: Disaster area?
More people than ever before are being exposed to natural disasters due to the increase in global urbanisation, according to a recent report from the Institution of Mechanical Engineers.
ABI predicts St Jude storm to cost insurers £130m
The Association of British Insurers is estimating insurers will have to pay out £130m to policyholders following last week’s St Jude storm.
C-Suite: After the storm
The response by insurers in the aftermath of St Jude showed the importance of the industry.
Insurers to pay out £130m for St Jude storm losses
The Association of British Insurers has revealed the industry is expected to pay out £130m to customers hit by St Jude’s day storm.
RSA, Aviva and Lloyds subsidiary in frame for storm losses says Moody’s
Losses from the St. Jude’s Day storm are expected to suppress insurer’s 2013 profitability, particularly against the backdrop of declining premium rates in property insurance in recent quarters.
Insurers set to pay the price after St Jude storm wreaks havoc in the South
Property damage from fallen trees expected to be among major costs.
Willis Re forecasts at least £300m loss from St Jude storm
UK losses from storm St Jude are likely to be in the region of £300-£500m, according to Willis Re.
13 die in European storm
A powerful storm swept across North Europe yesterday with some devastating consequences.
Flooding expected as South bears brunt of storm damage
The insurance sector faces a hefty bill from storm St. Jude, as claims start to filter through from across the UK.
Insurers braced for aftermath of St Jude storm
Insurers are assessing the damage this morning after strong winds battered England and Wales throughout Sunday night and Monday morning.
Swiss Re forecasts $240m hit from German hailstorms
Hailstorms in northern and southern Germany in July will generate a claims burden of approximately $240m (€177.6m) for Swiss Re, the firm said today.
Aon faces $1m Superstorm Sandy lawsuit
A New York based-contractor is suing Aon Risk Services for more than $1m for allegedly failing to obtain adequate coverage for the firm, which suffered losses following Superstorm Sandy.
Q2 cat losses "manageable" for insurers
Second-quarter catastrophe losses, including flooding in Germany and the rest of Europe, appear manageable for most European and US insurers, according to SNL Financial.
Floods hit Mexico's Pacific coast following Barbara landfall
Excessive rainfall and flooding have hit some areas of southeastern Mexico after hurricane Barbara made landfall near the state of Chiapas on Wednesday.
Forecasters predict high hurricane levels as Oklahoma reels from tornado
‘70% chance’ of above-average hurricane activity between July and November
$6bn of property damaged in Moore tornado: AIR
The devastating tornado which struck the Oklahoma suburb of Moore on Monday has damaged property to a total replacement value of $6bn within a two mile radius of the storm’s path.
Cyclone Mahasen makes landfall "destroying thousands of homes"
The first tropical cyclone in the Northern Indian Ocean this season, Tropical Cyclone Mahasen, made landfall northwest of Chittagong, Bangladesh, at about 6am UTC on Thursday, May 16.
New hail tracker could save insurers billions says firm
Storm tracking technology provider HailStrike has launched two new products which is says will “revolutionize” the insurance industry.
Sandy topped 2012 losses while Italy saw record earthquake damage
A rare series of Italian earthquakes caused insured losses in excess of $1.6bn in 2012, the highest ever recorded in the country, according to Swiss Re.
Improving Underwriting: The extra mile
The use of geographic intelligence can improve the understanding of risk in the motor insurance space.
Willis: Cat bonds hit a new high in 2012 with 37% increase
Last year saw the second highest level of catastrophe bond issuance on record signalling strong growth in the market, according to Willis Capital Markets & Advisory.
Sandy set to generate lengthy legal battles amid deductibles debate
Settlements over the first disputes to arise from claims relating to Superstorm Sandy are unlikely to be reached until the middle of 2014 at the earliest.