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Insurance news and resources for the claims industry
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News
'Chronic' Heat Risk in Europe Draws Warning From Swiss Re
1+ mon, 1+ day ago (468+ words) As Europe comes to grips with its fifth heat wave of the year, the research arm of Swiss Re AG is warning of far-reaching consequences. “Record heat underscores Europe’s chronic heat risk,” the authors of the Swiss Re Institute report…...
Insurers Are ‘Actively Evaluating’ New Catastrophe Risks as Europe Burns
1+ mon, 1+ week ago (1004+ words) Europe’s insurers are bracing for a new era of catastrophe risk fanned by rising temperatures in the world’s fastest-warming continent. Insurers, reinsurers and brokers contacted by Bloomberg are already predicting increased premiums and bigger losses tied to natural catastrophes. Importantly,…...
Beyond the Flood Zone: Managing Urban Flooding in the Northeast
1+ mon, 2+ week ago (580+ words) This article is part of a sponsored series brought to you by Cotality. View Series Areas like New York City can cause a massive headache for insurers during hurricane season — often surpassing the challenges brought on by the perhaps bigger…...
More Americans Are Moving Away From Flood Risk Than Toward It
2+ mon, 2+ week ago (470+ words) Americans are leaving some of the nation’s most flood-prone communities at an accelerating pace, suggesting that climate concerns are beginning to influence migration decisions alongside more traditional factors such as housing costs and quality of life. Meanwhile, counties with relatively…...
Insurer QBE Faces Investor Pressure Over Extreme Weather Risks
4+ mon, 1+ week ago (343+ words) Australian Ethical Investment Ltd., a pension fund with about A$14 billion ($10 billion) under management, is pressuring QBE Insurance Group Ltd. over the potential threat extreme weather poses to future profitability. The fund, which holds about A$65 million of QBE shares,…...
Swiss Re Says Wildfires, Storms, Floods Account for 92% of Global Insured Losses
5+ mon, 2+ week ago (471+ words) Wildfires, severe convective storms and floods — also known as secondary perils — accounted for a record 92% of total global natural catastrophe insured losses of US$107 billion in 2025, according to Swiss Re Institute. Wildfire stands out as the fastest-growing risk, with insured…...
Even Low-Risk Homes Are Caught Up in California's Climate Insurance Crisis
5+ mon, 3+ week ago (526+ words) As another wildfire season looms, insurance companies have abandoned some California neighborhoods at lower risk of burning, forcing tens of thousands of homeowners to obtain bare-bones coverage from the state’s insurer of last resort. “What we’re seeing is that the…...
Aon: Severe Convective Storms Become Costliest Insured Peril of 21st Century
7+ mon, 3+ week ago (567+ words) Severe convective storms have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon plc. Total economic losses reached $260 billion — 23% below the 21st-century average and the lowest since 2015, said Aon’s 2026 Climate and Catastrophe Insight report....
Munich Re: Insured Losses From Wildfires, Storms and Floods Hit Record High
7+ mon, 4+ week ago (346+ words) Never before has the insurance industry faced such big losses tied to floods, severe thunderstorms and wildfires, according to a fresh study that links rising temperatures to increasingly dangerous weather patterns. Insured losses for so-called non-peak perils — also sometimes referred…...