All Claims articles
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NewsRush of ‘total loss’ Ukraine marine claims expected
The full value of vessels trapped in Ukrainian ports could be as much as $800m to $1 billion
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Swiss Re pegs Ian losses at $1.3 billion
The reinsurer estimates the total insured market loss from Hurricane Ian at $50 billion to $65 billion
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Total economic damage from Ian to breach $100 billion, says KCC
Cat modeller predicts high proportion of litigated claims due to ‘tremendous amount’ of coastal flooding
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S&P predicts Hurricane Ian losses of up to $40 billion
Citizens Property Insurance Corporation has estimated it expects losses of about $3.8 billion
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Extent of Fiona-related losses depends on grid restoration
Hurricane losses in Puerto Rico and the Dominican Republic will be influenced by duration of BI due to power losses - AM Best
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Axa braces for Ukraine-Russia claims
Some of the insurer’s crisis management policies have been ‘triggered’, reveals group chief financial officer
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Hiscox appoints Stéphane Flaquet as chief operating officer
He is currently group chief transformation officer and Interim chief executive officer for Hiscox UK
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Effects of climate change evident in H1 cat events
The record-high temperatures in many parts of Europe is expected to drive further losses caused by droughts and wildfires
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H1 nat cat losses reach $65 billion - Munich Re
The US led the loss tally with almost half of overall economic losses in the first six months of 2022, and nearly two thirds of insurance losses
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SCOR reveals net loss of €239m in H1
Reinsurer reveals it is pulling back from agriculture after taking a €193m hit from droughts in Brazil
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SCSs drive $39 billion in 1H nat cat claims
Claims were 18% higher than the 21st century average, with Severe Convective Storms accounting for over half of losses
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Cyber: Banning ransoms is a ‘blunt policy instrument’
A ban could encourage ransomware attackers to engage in new, more malicious forms of extortion, warns Geneva Association
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Russian gas cut-off would be uninsured - Fitch
Businesses suffering losses in such a scenario may be able to claim under political risk policies, but it would not be straightforward
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Re/insurers brace for cryptocrash impact
Insurers are likely to review or amend policy wordings to ensure they are not indirectly insuring losses
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Thousands evacuate as Sydney floods
Over 30,000 people have been impaced as heavy rain and flooding continues to impact New South Wales
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Re/insurance has never been more valued - Lloyd’s boss
The insurance industry’s role is not just about helping clients recover but also building resilience, says John Neal
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Everest Re taps AXA XL for new head of claims and COO
Brent Hoffman will join the company as senior vice president, head of Claims and chief operations officer
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Lessons from the Ituango Dam
Colombia’s Ituango Hydroelectric Project highlights the risks and opportunities for reinsurers in Latin America
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CyberCube unpicks the motivations of cyber criminals
State-sponsored actors are among the most significant and concerning to the (re)insurance industry
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Renewables face billions of dollars in Ukraine losses - PCS
Conflict in Ukraine has potential to become an ’industry-defining event’ for the global renewables re/insurance sector
