All News articles – Page 316
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Online onlyUS faces $5.5bn insurance bill for April storms
Latest insured loss estimates from April’s severe storms in the US place the damage bill between $3.7bn and $5.5bn. Catastrophe modeling firm AIR Worldwide has reported the death toll from the events of April 25–April 28 is currently estimated at 354 across seven states. It is the second deadliest ...
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Online onlyThe market has changed, says Hiscox
Recent natural catastrophes have changed the reinsurance market, according to Hiscox.In its interim management statement, the (re)insurer said the first quarter began with rate reductions in reinsurance lines. But following catastrophe losses, reinsurance rates have returned to 2010 levels with increases in some areas, especially in the Asia Pacific. ...
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