Did you know that the Italian army found themselves stuck in a quagmire at Derna, Libya, back in 1911 when floods washed down the wadi? Or that much of Washington DC near the White House […]
Once again the Red Sea and Suez Canal are looking like expensive bottlenecks for the global supply chain & shipping sector. Delays on cargo deadlines, losses to shipping lines, wholesalers, manufacturers and of course insurers, […]
Is the poor state of UK roads deliberate policy by UK government bodies, Highways agencies and Councils? Maybe so, as the latest data from the RAC shows that levels of pothole damage are still rising. […]
Some healthy results from Hannover Re posted recently, here’s a few highlights; Hannover Re has generated a nine-month profit of EUR 1.4 billion and is thus confirming its Group net income target for the full […]
Hurricane Otis, which hit Mexico pretty hard recently caused a great deal of damage. Excluding some State owned assets, vandalims, uninsured losses and more, Verisk has taken a view on the potential costs to insurers […]
As asset values increase, plus the cost of getting skilled people to rebuild houses, commercial premises, or deal with toxic hazards, waste, fire damaged vehicles etc also increases, it’s inevitable that the cost of Catastrophe […]
The wildfires on Maui have been devastating for many people, with lives lost and property destroyed. That said, many of the HNW individuals who own expensive homes there seem to have escaped unscathed. Here’s the […]
Moody’s Investors Service’s insurance team has published a brief report on estimated P&C losses from the Maui wildfires. Here are some extracts; As of 11 August, several wildfires had caused a tragic loss of life […]
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