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Across the country, loss costs increased 19% over the previous year.

The quake occurred 1 kilometer from Gutad, located to the northwest of Manila, according to the U.S. Geological Survey.

One reason the impact of secondary perils is underestimated is their impact is masked by losses from primary events.

Pricing pressure in reinsurance weighed on first-half earnings, overshadowing a drop in natural-catastrophe claims.

After 5 years at the helm of the world's oldest & biggest insurance market, Lloyd's first female CEO will depart.

Global natural disasters cost $520 billion of consumption loss annually, 60 percent larger than asset losses that are commonly reported, the World Bank said in a report.

Digital technology will be a major change agent for insurers.

The regulation would impose on states a 'disaster deductible' a requirement that states shoulder some of the recovery costs up front, before receiving federal dollars.