Record Western Wildfires a Contrast in Otherwise Quiet Year for U.S. Natural Disasters January 28, 2016 By Don Jergler It was a relatively quiet year for natural disasters – except for those living in the Western U.S. Property data...
Zurich Names Generali’s Greco as CEO, with Task of Driving Turnaround January 26, 2016 By Jan-Henrik Förster, Jeffrey Vögeli and Sonia Sirletti Zurich Insurance Group AG hired Assicurazioni Generali SpA’s Mario Greco as chief executive officer, giving him the task of turning...
Supply Chains Thwart Climate Risk Management for 75 Major Companies: Report January 26, 2016 By Jessica Shankleman Goldman Sachs Group Inc., Coca-Cola Co. and 73 other companies that together buy more than $2 trillion of goods and...
Group Asking Residents Use Drones to Map El Niño Flooding in California January 25, 2016 By Gillian Flaccus Forget about selfies. In California, residents are using smartphones and drones to document the coastline’s changing face. Starting this month,...
Zurich’s Ratings Remain Unchanged Despite Projected Q4 2015 Losses: A.M. Best January 25, 2016 The financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of Zurich Insurance Co. Ltd. (ZIC)...
Update: Zurich Insurance Group Expects Q4 2015 Loss in General Insurance January 20, 2016 By Jan-Henrik Förster and Jeffrey Vögeli Zurich Insurance Group AG fell to the lowest in more than three years after Switzerland’s biggest insurer put shareholders on...
Insured Losses from U.K. Storm Desmond Estimated at $1.1 Billion: PERILS January 15, 2016 The initial estimate of the insured property market loss for flood damage caused by storm Desmond during Dec. 4-24, 2015...
Insured Nat Cat Losses 31% Below Average During 2015: Aon Benfield Report January 14, 2016 Global natural disasters in 2015 caused a combined total insured loss of $35 billion – 31 percent below the 15-year...
Tighter Construction Rules Would Help Minimize U.K.’s Flood Damage: Report January 6, 2016 By Jill Ward Tighter construction restrictions and incentives to build outside flood-prone areas would minimize damage to the U.K. economy from heavy rain...
Flood Claims to Hit U.K. Insurers’ 2015 Earnings: A.M. Best January 5, 2016 Flooding in the final month of 2015 will put pressure on the earnings of U.K. property insurers, according to a...