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International

Milton losses could hit $74 billion: Fitch

14 October 2024

Hurricane Milton insured losses are estimated at $US30-$US50 billion ($44-$74 billion), with the ultimate cost depending on repair supply constraints as the US southeast also recovers from Helene’s impact two weeks earlier, Fitch Ratings says...

US rates poised for further rises after Helene, Milton

14 October 2024

US commercial and personal lines rates increased in the third quarter and are expected to rise further over the next few months to price in the impact of hurricanes Helene and Milton, MarketScout says...

‘Non-attack’ cyber claims surge

14 October 2024

Class actions and related claims over “non-attack” cyber incidents such as wrongful use of personal data have increased after regulatory and legal changes, Allianz says...

US think tank proposes home disaster cover alternative

07 October 2024

Housing resilience agencies should be created to take over US home disaster insurance and risk reduction oversight as more people are left unprotected when natural catastrophes hit, the Climate & Community Institute says...

Ebix global head suspended pending inquiry outcome

30 September 2024

Ebix Inc CEO Robin Raina has been suspended pending the outcome of an inquiry investigating reported financial irregularities, the Delhi-based company that acquired the business says...

US results bounce back after $35 billion half-year loss

23 September 2024

The US property and casualty sector recorded a $US3.8 billion ($5.6 billion) net underwriting gain in its latest six-month results, rebounding from a $US24 billion loss ($35.5 billion) a year earlier as personal lines improved, AM Best says...