Global insurance trends

Losses From Hurricane Delta? Between $2bn-$3.5bn

RMS, the world’s leading catastrophe risk solutions company, estimates total onshore U.S. insured losses from Hurricane Delta to be between US$2.0 and US$3.5bn. The estimate includes losses to the National Flood Insurance Program (NFIP) of between […]

Flood Insurance

Hurricane Laura Losses Likely to Be $13bn Max

 RMS, the world’s leading catastrophe risk solutions company, estimates that total onshore U.S. insured losses from Hurricane Laura will be between US$9.0 and US$13.0 billion. The estimate includes losses to the National Flood Insurance Program […]

Technology

Hurricane Isaias Costs Could Be $5bn, Says RMS

RMS, the world’s leading catastrophe risk solutions company, estimates that total insured losses from Hurricane Isaias will be between US$3.0 and US$5.0 billion. The estimate includes estimated losses to the National Flood Insurance Program (NFIP), which […]

Flood Insurance

Previsico Targets US Market, Looking to Expand Flood Prediction Product

‘Hot 100’ InsurTech Previsico today announced it will be targeting the US market with its unique 3rd generation live flood forecasting technology, as the company heads towards Series A funding in 2021, with Innovate UK […]

News

Copart Braced For Extra Vehicle Recovery Once Storm Dennis Hits UK

Leading salvage company Copart, which looks after vehicle recovery for 21 of the UK’s top 25 insurers, has instigated its emergency surge management plan in readiness for Storm Dennis this weekend. Heavy rain, flooding and […]

Opinion

Insurers Must Respond to Storm Delays, With Automated Payouts & Assistance

As airlines and ferry companies are far more likely to cancel services now during spells of bad weather, it pays for insurers and brokers to offer exact definitions of what is, or isn’t covered, when […]

Insurance & Reinsurance

Reinsurance: Willis Towers Says Catastrophe Costs Down 18% in 2019

Insured losses from major natural catastrophes in 2019 totalled roughly $53.0 billion, about 18% lower than the annual average since 2011. This continues a relative period of calm compared to 2017, when the total loss […]

Insurtech solutions to fighting escape of water claims.
News

ABI Highlights Winter Risks For UK Home & Business Owners

As the clocks go back this weekend, the Association of British Insurers is reminding home and business owners to make sure their property is winter ready. Insurers pay out £14.3 million to home and business […]