Global insured disaster losses hit $54bn in 2016: Swiss Re

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Natural catastrophes and man-made disasters in 2016 resulted in insured losses of $54bn (£43bn), an increase of 46%, according to Swiss Re's latest Sigma study.

A combination of earthquakes, flooding, storms and wildfires across the globe resulted in the highest global insured losses since 2012, reversing the downtrend of the previous four years.

According

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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