Property
Researchers warn Canadian flood insurance scheme must reduce risk
Federal government wants to launch scheme for subsidies and reinsurance by next year, as policymakers urged to deny rebuilding aid where flood danger is high
Zurich Malaysia highlights takaful for climate-vulnerable communities
Islamic insurance can enhance financial resilience to impacts of climate change, the chief executive of Zurich General Takaful Malaysia Berhad says
Louisiana abandons rule hated by insurers – but will carriers return?
Insurers welcome end of three-year rule, but hurricane risk may keep prices high
Canadian vehicle theft claims hit record C$1.6bn
Claims count hits new annual record of 49,679 in 2023
Allstate tallies $494m in April catastrophe losses
US giant’s year-to-date catastrophe losses surpass $1.2bn
Insurers must help world adapt to new climate reality
Milken Institute annual conference was set in the context of record-breaking climate events which are ‘just a preview of worse to come’
Citizens authorises outlay of up to $750m for 2024 reinsurance
Florida’s last resort carrier increases budget for this year’s programme
North America commercial rates begin to stabilise: WTW
Ample capacity is available across many lines of business, the broker says
US commercial insurance sector continues to outperform personal lines
The US P&C sector's combined ratio improved to 101.6% in 2023 but the industry still recorded its second consecutive annual underwriting loss
Farmers to resume new writings in California
Move follows carrier’s recent decision to lift its moratorium on writing new commercial motor policies in the state
Earth observation is a game-changer for climate resilience
Executives at Finnish microsatellite maker Iceye outline how fast and reliable natural catastrophe data before, during and after events creates a ‘sweet spot’ of resilience
California governor wants to speed up rate increase approvals
Gavin Newsom wants rate sign-off in 60 days as state grapples with insurance crisis
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