
A global risk consulting and engineering firm that delivers technical design, asset integrity management, and data-driven risk assessment. A subsidiary of the American Bureau of Shipping (ABS), they serve critical infrastructure sectors including marine, offshore energy, and chemicals, and famously developed FEMA's HAZUS multi-hazard loss-estimation software.
Increasing catastrophes, inflation and construction costs are driving the continued rise in insured losses, Verisk’s 2026 Global Modelled Catastrophe Losses Report finds. According to the annual report, the insurance industry should be prepared to withstand $171 billion in insured catastrophe losses on average in a given year, up $19 billion from a year ago, and […] The post Global insurers must prepare to absorb $171bn in insured cat losses each year: Verisk appeared first on ReinsuranceNe.ws.
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The increasing need for capital to manage and mitigate natural hazard risk is creating strong opportunities for investors, according to Schroders Capital, who emphasises that by allocating to catastrophe risk through insurance-linked securities, broader securitisation, and other risk-transfer markets, investors can secure attractive returns by absorbing catastrophe risk when pricing reflects expected losses and required […] ILS and broader securitisation key to absorbing nat cat risk: Schroders Capital was published by: www.Artemis.bm catastrophe bond deal directory our free weekly email newsletter here.
Most small and mid-sized companies got scant explanation for their latest renewal and rarely shopped it, leaving nearly half paying the first number insurers offered, according to Ignition Benefits. The post Small Businesses Absorb Double-Digit Health Insurance Hikes With Little Insight Into Costs appeared first on Risk & Insurance.
Unanimous ruling by Arizona Supreme Court reaffirms that strict product liability requires proving both defect and unreasonable danger. The post Manufacturers Not Liable for Absence of Optional Safety Features appeared first on Risk & Insurance.