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The downstream market has suffered a string of costly claims this year. -
Los Angeles wildfires and SCS pushed US losses to $89bn.
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As demand rises across the digital asset space for multiple forms of crypto-related insurance, competition is building.
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The storm outbreak follows similar events in the area in 2020 and 2023.
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The outlook flags “large uncertainties” amid possible El Niño through summer 2026.
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The highest portion of losses was experienced in Alberta.
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The mechanism would work similarly to Flood Re.
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According to the Civil Unrest Index, protest activity has soared over the past two years.
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China Taiping has been identified as the building owner’s insurer.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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Despite 2025 losses, carriers have not secured desired rate increases.
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The class of business has shouldered claims totalling over $4bn this year.
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