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Severe weather outbreaks in US & Canada likely to cause losses reaching single-digit billions USD: Aon
Total economic and insured losses related to the severe weather outbreaks that affected a large swath of the northern and central United States and southern Canada on June 5 – 11 will likely reach single-digit billions USD, according to Aon’s recent Weekly Cat Report. Between June 5 and June 8, a series of storm systems […] The post Severe weather outbreaks in US & Canada likely to cause losses reaching single-digit billions USD: Aon appeared first on ReinsuranceNe.ws.
Motorists Sue NY County Over 1.6 Billion License Plate Scans
A coalition of civil rights groups on Tuesday asked a state judge to order one of New York’s largest suburban counties to stop its deployment of nearly 600 license plate readers, calling it a warrantless and “indiscriminate surveillance system” that …
$100bn+ loss event required to materially alter reinsurance pricing: Jefferies
Analysts at Jefferies have suggested a major loss event exceeding $100 billion would likely be required to materially alter reinsurance market conditions, following a 15–20% decline in property catastrophe pricing at the June renewals. According to a new report from the firm, early forecasts point to a below-average hurricane season this year, amidst a shift […] The post $100bn+ loss event required to materially alter reinsurance pricing: Jefferies appeared first on ReinsuranceNe.ws.
Mindanao earthquake insured losses to be limited due to Philippines’ protection gap: AM Best
AM Best expects the Mindanao earthquake to generate multi-line economic losses, particularly from damage to property and infrastructure, but anticipates insured losses will represent only a small fraction of total economic damage due to the catastrophe protection gap in the Philippines. On 8th June 2026, a magnitude 7.8 earthquake struck the southern Philippines, which AM […] The post Mindanao earthquake insured losses to be limited due to Philippines’ protection gap: AM Best appeared first on ReinsuranceNe.ws.