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The modelling agent estimated that the total number of buildings within the fire perimeter is approximately 3,500. -
Tens of thousands of people have been evacuated from the island, and nearly 14,000 Maui residents remain without power.
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Due to the collapse of the value of the lira since February, payouts are worth less in dollar terms.
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A fire aboard a car carrier last week raised fresh concerns about the transportation of lithium-ion batteries in electric vehicles.
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The floods struck New Zealand’s North Island between 27 January and 2 February 2023.
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The carrier said a greater number than usual of North Atlantic storms are possible despite El Niño conditions.
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Insurers are messaging that they are able to offset rising reinsurance costs, but will a high-cost tornado season leave them pushing back in the run-up to 2024?
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The syndicate – developed in partnership with Aon – will provide capacity for E&S commercial wildfire risk in California.
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The first quarter of 2023 has already gone down as the costliest on record for the peril in the US.
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Nearly $148mn of the unfavorable reserve development was related to National General, primarily driven by personal auto injury coverages.
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Insurance Insider has gathered data on geographical areas prone to cat events, which are outside of southeastern US states, that keep weather experts awake at night.
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The loss tally comes in 39% above the average for the 21st century.
