Hedge Funds Are Hunting Deals in Risks Too Big for Insurers April 7, 2025 By Natasha White As Los Angeles residents digested the apocalyptic scene left by wildfires earlier this year, the stage was simultaneously being set...
Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires February 26, 2025 By Tom Sims and Alexander Huebner Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said...
Extreme Weather Sends Insured Losses 70% Above Historical Norms July 31, 2024 By Stephan Kahl Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the...
Natural Disasters Led to $250B in Global Losses Last Year January 12, 2024 By Stephan Kahl Extreme storms and other natural disasters cost the world about $250 billion of losses last year, with less than half...
Insured Losses From Natural Catastrophes Set to Top $100 Billion for 3rd Year in a Row August 25, 2023 Claims for weather-related incidents are set to exceed $100 billion for the third year in a row, as floods, hail...
$2M Insurance Policy in Effect for Hawaii Coral Reefs in time for Hurricane Season June 14, 2023 HONOLULU (AP) — An environmental group has a $2 million insurance policy on Hawaii’s coral reefs, which is in effect...
Insured Losses Hit $120 Billion as Extreme Weather Spreads January 10, 2023 By Stephan Kahl The insurance industry is struggling to adapt to a new normal in which losses fueled by climate change are now...
Pipeline Blasts Leave Nord Stream in Insurance Limbo October 25, 2022 By Jonathan Saul and Carolyn Cohn LONDON –– With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream...
Hurricane Ida, Europe Floods Made 2021 Costly For Disasters January 11, 2022 By Frank Jordans BERLIN (AP)–Damage wrought by Hurricane Ida in the U.S. state of Louisiana and the flash floods that hit Europe last...
With Sponges and Petitions, Climate Activists Take on Insurers December 1, 2021 By Tom Sims FRANKFURT — A prominent activist is calling on insurers like Swiss Re to explore suing major oil companies for climate-related...