by AIP Online Bureau | Jul 17, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
According to preliminary estimates, 1H economic losses in the U.S. alone reached at least $126 billion, surpassing 1994 ($115 billion) as the costliest 1H on record and significantly above the 1H average since 2000 ($41 billion). In contrast, economic losses in all...
by AIP Online Bureau | Jan 9, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Weather catastrophes were responsible for 93% of overall losses and 97% of insured losses. Around 11,000 people lost their lives as a result of natural disasters in 2024 – significantly fewer than the average. Non-peak perils are increasingly fuelling the trend of...
by AIP Online Bureau | Dec 10, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance
Preliminary estimate of 5th December devastation out of Cyclone Michaung in Tamil Nadu indicate the economic losses of around Rs 12,000 crore for the state and insured losses limited between Rs 1,500 crore to Rs 2000 crore Chennai: With all its fury and...
by AIP Online Bureau | Oct 11, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
“The global economy is becoming more complex and increasingly subject to systemic threats,” said Trevor Maynard, executive director of Systemic Risks at the Cambridge Centre for Risk Studies London: Global economic losses could reach $5 trillion under a “plausible...
by AIP Online Bureau | Aug 23, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Michael Young, Vice President, Product Management, Moody’s RMS, noted: “When the rare situation of high wind and wildfire ignitions do occur again in the future, we need to be sure all the buildings comply with scientifically proven risk reduction features highlighted...
