-
Insured loss for Q1 was 10% higher than the decadal average of $18bn. -
The most extensive damage was caused by rainfall in Texas, Louisiana, Mississippi and Florida.
-
Tim Cerio also credited litigation reforms for the current market recovery.
-
Tropical Storm Risk (TSR) has updated its forecast for North Atlantic hurricane activity, predicting a "hyper-active season" in 2024, with activity being around 70% above the 1991-2020 climate norm.
-
The impacted regions account for less than 5% of earthquake DWP nationally.
-
Eleven hurricanes are predicted, with five expected to reach Category 3 or higher.
-
The owner and manager of the cargo ship Dali have filed suit to cap liability at $43.7mn.
-
Several prior-year cat losses deteriorated during the quarter.
-
A claim on that scale would test the market in ways it has never seen.
-
CyberCube expects ransomware attack to impact both large and SME accounts.
-
Social inflation is driving “cat-type” losses, with an increase in $50mn-plus verdicts.
-
The complexity of the incident and US location point to one of the largest ever marine losses.
