Aon Benfield has estimated that the floods in China during July caused economic losses of $8.3bn.
Heavy rainfall in China spawned flooding and landslides in nearly two dozen provinces, leading to 324 deaths, at least 475 000 destroyed or damaged homes and more than 1.66 million hectares (4.1m acres)...
China's dramatic flooding over the last month has once again highlighted the prevalence of underinsurance in the country.
LV CEO Richard Rowney has been appointed to the board of the Association for British Insurers, to replace retiring LV CEO Mike Rogers.
Telematics data has been used for the first time to successfully defend a policyholder in a liability trial at Wandsworth County Court.
Hiscox could set up a separate EU registered business if the UK loses access to the common market, the company’s CEO has said.