News

Reinsurance

California wildfire risk: tackling the most challenging risk in an equally challenged market

Better tools and analytics can help clients grasp hazard risk and their aggregation more effectively.   8 October 2024

Insurance

Verisk pegs insured losses from Hurricane Helene at up to $11bn

The estimate does not include NFIP losses.   9 October 2024

Technology

Cybersecurity and regulation top risks for TMT sector as AI use grows: WTW

New risks in the sector are driven by rapid expansion and increased scrutiny.   10 October 2024

Insurance

One-third of global population vulnerable to flooding: Moody’s

Rising frequency and severity of floods due to climate change, urbanisation, land use.   7 October 2024

Insurance

Texas’ TWIA hikes Hurricane Beryl cost estimate; has paid $259m to date

The Texas residual insurer now believes it will completely burn through CRTF reserves.   15 October 2024

Insurance

SCS losses escalate-but insurers can manage the risk: Holborn

Losses from severe convective storms hit some $42 billion globally in H1 2024.   8 October 2024

Insurance

Aon lifts long-serving talent to lead global insurance vertical

The appointee will boost capabilities across commercial risk, reinsurance and health.   11 October 2024

Insurance

KCC pegs Hurricane Milton insured losses at $36bn

Unlike Helene, Milton’s wind damage will lead to a higher proportion of losses.   15 October 2024

Insurance

Cyber risk is moving closer to P&C, especially on silent cyber

The intersection of cyber and P&C insurance is becoming significant, says Aon.   8 October 2024

Insurance

TWIA shot down on 10% rate hike request following Hurricane Beryl

TWIA last estimated rate inadequacy at 38% for residential policies and 45% for commercial policies.   15 October 2024

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