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Insurers must brace for US$171 billion in annual cat losses, study finds
1+ week, 5+ day ago (762+ words) The global insurance industry did not get a quiet year in 2025. It got a year without a US landfalling hurricane that still produced more than US$100 billion in insured losses, for the sixth consecutive year. The average annual loss (AAL)…...
SGI's own office floods as insurer pushes through contested rate hike
3+ week, 6+ hour ago (270+ words) Saskatchewan Government Insurance shut down its Regina head office on Friday after a burst fire suppression hose flooded the elevator shaft in the early morning hours, causing water damage across multiple floors. SGI said the hose failed on the 11th floor…...
Europe's heatwaves expose insurance gap as business losses mount
3+ week, 3+ day ago (776+ words) A large part of Europe is in the grip of its fifth heatwave of the summer. That includes France, where temperatures in parts of the country have soared to 40 degrees Celsius, triggering a wildfire in the southwest. Monte Francis has…...