Pay-As-You-Go Cargo MGA Closing Insurance Protection Gap for Shippers October 4, 2022 By L.S. Howard After many years working as a freight and logistics broker in the London market, Johnny McCord understood where the freight...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re March 30, 2022 By L.S. Howard More than 50 severe flood events around the world caused combined economic losses of US$82 billion in 2021, while insured...
How Cloud Downtime Insurance Became a Thing March 8, 2022 By L.S. Howard A single hour of downtime from mission-critical, third-party IT service providers can cost small and medium-sized enterprises tens of thousands...
Re/Insurance Cyber Rates Could Double Before 2023, as Attacks Skyrocket: S&P September 30, 2021 By L.S. Howard The pandemic caused economic and insured losses from cyber attacks to skyrocket, which has heightened awareness of the risk and...
UN Launches Disaster Insurance Program for Developing Countries September 28, 2021 The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide...
Germany’s Floods Will See ‘Sizable’ Protection Gap. Could Insurance Demand Increase? July 22, 2021 By L.S. Howard With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s...
Canada Faces Mega-Hurricanes if ¹ú²úÒ»¸£Àû Change Pushes Storms North: Swiss Re Warns May 21, 2021 By Danielle Bochove ¹ú²úÒ»¸£Àû change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses...
Nearly Two-Thirds of Global Catastrophe Economic Losses Unaddressed by Insurance January 25, 2021 There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above...
RenaissanceRe Creates Environmental, Social and Governance (ESG) Strategic Areas January 13, 2021 RenaissanceRe Holdings Ltd. has announced three strategic focus areas as part of its Environmental, Social and Governance (ESG) strategy: Promoting...
It Would Take P/C Insurers 150 Years to Pay COVID-19 Business Interruption Losses October 30, 2020 By L.S. Howard The world’s property/casualty insurers would have to collect business interruption insurance premiums for 150 years in order to absorb the...