Hurricanes
Primary insurers to bear brunt of Sandy, says Fitch
Losses related to Hurricane Sandy will be largely borne by primary insurers, according to Fitch Ratings.
Hurricane Sandy devastates US east coast
Hurricane Sandy left at least 16 people dead and six million without power last night as it made landfall on the US east coast.
US homeowners batten down the hatches as Hurricane Sandy nears
Risk modelling experts predict mass damage to properties and widespread power outages across New York City when Hurricane Sandy hits the east coast of the US today.
Editor's comment: Causing tremors in the industry
You don’t have to look far for evidence that a ‘blame culture’ is spreading in our society, but there are surely few examples as alarming as the manslaughter convictions of six Italian scientists who failed to predict that a deadly earthquake would…
Kalista offers parametric catastrophe trigger for property
Bermuda-based Kalista Global has launched a property insurance product ahead of the January renewals with specific parametric catastrophe triggers to ensure savings.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Typhoon Jelawat dissipates causing little damage
Typhoon Jelawat passed over Japan's main island of Honshu yesterday as a weakening tropical cyclone, and the remnants are currently over the north west Pacific ocean, racing away from Japan at about 85km/h.
Typhoon Jelawat becomes third to hit Japan this year
Typhoon Jelawat made landfall in Okinawa this weekend, before reaching Japan's main island of Honshu, the third typhoon to do so this year.
Insured loss estimates from Hurricane Isaac up to $2bn
Risk Management Solutions has estimated that US insured losses from Hurricane Issac's wind and surge impacts on the US Gulf Coast will fall between $1bn and $2bn.
Insured loss estimates hit $2bn as Hurricane Isaac hits Louisiana a second time
Catastrophe experts have suggested that insured losses from Hurricane Isaac could total $2bn after the tropical storm made a second landfall in the US state of Louisiana.
Global warming to lead to stronger tropical cyclones
Scientists predict that global warming is likely to lead to stronger tropical cyclones, but that the overall global frequency of tropical storms and hurricanes is likely to decrease.
US property and catastrophe insurers to sustain largest Hurricane Isaac losses
Primary insurers including Liberty Mutual Group are likely to bear the brunt of any insured losses arising from Hurricane Isaac, Fitch Ratings has claimed.
Hurricane Isaac will not be a 'Katrina event'
Hurricane Isaac could cause up to £304m ($480m) in insured losses, experts have predicted.
Typhoon Tembin headed for Taiwan
Typhoon Tembin, the 14th typhoon of the 2012 Pacific season, is heading slowly for southern Taiwan, and is expected to make landfall today.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Haikui causes $230m of insured damage in China
Damage from Typhoon Haikui, which hit China last week, has been assessed at ¥1.046bn ($230m).
German Mutual Insurance downgraded after wind strom hits results
German Mutual Insurance Company has had its financial strength rating downgraded to B+ (Good) from B++ (Good) and issuer credit rating to 'bbb-' from 'bbb'. The outlook for both ratings is negative.
Two storms take aim at China after hitting Taiwan
Typhoon Saola, the ninth typhoon of the Northwest Pacific storm season, made its first landfall early on Thursday morning local time in Hualien, Taiwan.
Making flood prevention cost effective
Flooding now affects more people than any other natural catastrophe. Jens Mehlhorn explains how tried and tested methodologies for determining the cost effectiveness of measures show that prevention is better than cure.
Catastrophe reinsurance market nears strategic shift
The catastrophe reinsurance market may be on the cusp of a strategic shift, with third-party capital providers set to take on increasing amounts of peak catastrophe risk in the future.
Member governments renew catastrophe insurance policy with Caribbean risk pool
All 16 member governments of the Caribbean Catastrophe Risk Insurance Facility will renew their hurricane and earthquake insurance for 2012 to 2013.
Two hurricanes predicted to strike US in 2012
Hurricane activity this season is expected to be close to average, with scientists predicting four tropical storms including two hurricanes to strike the US between June and November.
Benign weather and rate rises result in record reported profits for insurers
Insurers have reaped the rewards of benign weather and rate rises in catastrophe hit regions, but analysts warn the worst could be yet to come.
Energy: Overcapacity causing problems as market rates stagnate
It has been a tumultuous few years for the insurance industry, and not many sectors have been affected as much as energy.