Insurance News

Smaller natural disasters contribute to a significant rise in insurance claims Preliminary figures for the first three quarters of 2024 show global economic losses from natural catastrophes at $280 billion,

Climate-driven events escalate, pushing insured losses higher Munich Re reports that from January to June 2024, the global average temperature was approximately 1.5°C higher than pre-industrial levels, with record-breaking temperatures

He brings 25 years of expertise in platform delivery and data management to the firm Lockton Re has appointed Srikanta Nandy (pictured above) as its chief platform officer, based in

Her 26-year career includes leadership roles at Westpac and CommInsure SCOR has announced the appointment of Paula Bourke (pictured above) as CEO of life and health (L&H) Australia and New

Stable outlook reflects solid capitalization and improved underwriting AM Best has affirmed the financial strength rating of B (Fair) and the long-term issuer credit rating of “bb+” (Fair) for East

The US opened a federal investigation into whether Tesla Inc.’s partial-automation system marketed as Full Self-Driving is defective after a series of crashes, one of which resulted in a fatality.

Four men have been charged with defrauding New York auto insurers by allegedly submitting more than $10 million in fraudulent claims for psychological services —and then laundering the proceeds of

Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products

This edition of International People Moves details appointments at AXA XL Reinsurance and Specialist Risk Group. A summary of these new hires follows here. AXA XL Re Taps Swiss Re’s

Update includes implemented rates The Allstate Corporation has reported its estimated catastrophe losses for September 2024, totaling $889 million before tax or $  » Read More