World Bank

• Analysis: Evidence for Climate Extremes, Costs, Gets More Local

  By Alister Doyle (Reuters)  |  July 27, 2012

  Scientists are finding evidence that man-made climate change has raised the risks of individual weather events, such as floods or heatwaves, marking a big step towards pinpointing local costs and ways to adapt to freak conditions.

• Got Solvency? Work on NAIC's ORSA Model Act Underway

  By Elizabeth Festa  |  March 8, 2012

  The NAIC expects to craft a model law on the NAIC’s version of the Own Risk and Solvency Assessment by the August summer meeting.

• Control What You Can

  By Laura Mazzuca Toops, PropertyCasualty360.com  |  February 1, 2012

  Catastrophes of the future may not arise from the usual suspects like hurricanes, flooding and earthquakes. We could be looking at even bigger problems that will affect the ever-connected globe.

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  Toops Scoops: The Business of Controlling What You Can

  By Laura Mazzuca Toops, PropertyCasualty360.com  |  January 20, 2012

  Future disasters may not arise from hurricanes, flooding and earthquakes, but from bigger socioeconomic issues that will affect the ever-connected globe, according to the World Economic Forum.

• When Calculating Risk for Reinsurers, Consider Monte Carlo

  By Randy Heffernan  |  January 19, 2012

  In the world of reinsurance, accurately determining risk is critical. Reinsurance policies are typically taken out on the largest of risks, those that are too big for an individual insurance company to handle alone. Risk embodies the very nature of the business, and actuaries who work in reinsurance must therefore...

• Everest Re: Thailand floods could cost up to $125M

  By Associated Press  |  December 23, 2011

  Reinsurance company Everest Re Group Ltd. on Thursday said that claims related to the massive flooding this year in Thailand could cost it $100 million to $125 million after certain premiums and taxes.

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  Renewable Energy: Growing Industry with Growing Risks and Insurance Needs

  By Phil Gusman, PropertyCasualty360.com  |  November 30, 2011

  The level of global investment in renewable energy is surging, but as this industry grows, new risks are emerging and firms are trying to find ways to manage them. Currently, insurance represents the most common mechanism to transfer risk to third parties, according to a Swiss Re-sponsored report from the...

• Far Horizons

  By Laura Mazzuca Toops, PropertyCasualty360.com  |  May 1, 2011

  Set your sights on a multinational market

• US Storm Insured Losses Exceed $100M for March

  May 1, 2011

  Aon Benfield says the severe weather events resulted in 20,000 insurance claims in the Southeast and the Mississippi Valley with payouts exceeding $120 million.

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  Multinational: A Booming Market

  By Laura Mazzuca Toops, PropertyCasualty360.com  |  April 11, 2011

  No longer the exclusive realm of GM, Exxon or McDonald’s, the foreign market is beckoning businesses of all sizes—from accountants and lawyers to small manufacturers, non-profits and other businesses—in other words, the core clientele of independent agents and brokers. In this weeklong report, we look at where, how and why...

• U.S. Storm Insured Losses Exceed $100M For March

  By Staff Writer  |  April 5, 2011

  Storm losses in the United States over the past month are expected to exceed $100 million, according to a report issued by Aon Benfield.

• Could California Crumble?

  By Christina Bramlet, PropertyCasualty360.com  |  April 1, 2011

  Some are already dubbing the disaster in Japan the worst (and potentially most expensive) calamity the world has ever known.

• Insurance Implications For The Disasters in Japan

  By Robin Cohen, Randy Paar  |  April 1, 2011

  The global insurance and reinsurance communities are just beginning to grasp the enormity of loss from the March earthquake and tsunami in Japan.

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  Japan Disaster Likely To Be World's Costliest

  By Associated Press  |  March 23, 2011

  Japan's government said the cost of the earthquake and tsunami that devastated the northeast could reach $309 billion, making it the world's most expensive natural disaster on record.

• World Bank: Japan Reconstruction May Take Five Years

  By Associated Press  |  March 21, 2011

  Japan may need five years to rebuild from the catastrophic earthquake and tsunami that has caused up to $235 billion of damage, the World Bank said Monday.

• Swiss Re Says Microinsurance Market Huge Potential

  By Mark E. Ruquet, PropertyCasualty360.com  |  December 17, 2010

  Insurers have a potentially vast new marketplace for innovative insurance solutions for the poor that can reach up to four billion people with potential premium of up to $40 billion, according to a report from Swiss Re.