Guy Carpenter Selected by CEA on Wildfire Fund Reinsurance and Risk Transfer Program: Guy Carpenter & Company today announced its appointment as the sole reinsurance intermediary for the newly formed California Wildfire Fund, which is currently being administered by the California Earthquake Authority. Read the article >> Global Insurance Prices Are on the Rise: ... Continue Reading »
Week in Review
Week’s Top Stories: August 10 – 16, 2019
Weather Sentinel: Significant Wildfire Potential Outlook; August 2019: Moving into the late summer, weather patterns are favoring seasonal dryness in the western United States, where moderate to severe drought is persisting in the Pacific Northwest, and fuels are drying out and becoming receptive to fire. While fire activity has been slightly below average to date in 2019, the ... Continue Reading »
Week’s Top Stories: August 3 – 9, 2019
Threat of Cyber Incidents on the Rise: The nature of the terrorism threat facing society has changed considerably in the last 20 years. Previously, governments and (re)insurers structured their mitigation strategies and responses to deal with attacks that were large in scale. Read the article >> Life Insurance Insights: Here we review recent stories on GC Capital ... Continue Reading »
Week’s Top Stories: July 27 – August 2, 2019
Chart: Significant Insured Losses – 2011 to Q2 2019: Chart exhibits the significant insured losses from 2011 through the second quarter of this year. First-half 2019 losses are at levels below those experienced in first-half 2017 and 2018. View the chart >> 2019 Terrorism Risk Insurance Report: Terrorism remains a dynamic global risk and a serious threat for people a ... Continue Reading »
Week’s Top Stories: July 20 – 26, 2019
Chart: Significant Insured Losses – 2011 to Q2 2019: Chart exhibits the significant insured losses from 2011 through the second quarter of this year. First-half 2019 losses are at levels below those experienced in first-half 2017 and 2018. View the chart >> CAT- i Bulletin: Hurricane Barry: Hurricane Barry made landfall near Morgan City, Louisiana on July 13, b ... Continue Reading »
Week’s Top Stories: July 13 – 19, 2019
Chart: Significant Insured Losses – 2011 to Q2 2019: Chart exhibits the significant insured losses from 2011 through the second quarter of this year. First-half 2019 losses are at levels below those experienced in first-half 2017 and 2018. View the chart >> Review of Silent Cyber Coverage on GC Capital Ideas: Here we present the recent stories that GC Capital Ideas h ... Continue Reading »
Week’s Top Stories: July 6 – 12, 2019
Searles Valley Earthquake Sequence: Mw 6.4 and Mw 7.1 Events: A pair of significant earthquakes struck the Searles Valley, California area (Kern County) on July 4 and 5, 2019, according to the U.S. Geological Survey (USGS). On July 4, an estimated Mw 6.4 earthquake occurred approximately 11 miles (18km) ENE from Ridgecrest (population approximately 28,000) around 10:33 AM local ... Continue Reading »
Week’s Top Stories: June 29 – July 5, 2019
Changes in the Reliance on TRIPRA: In the United States, the Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIPRA) is scheduled to expire at the end of 2020. Renewal under its current structure and coverages remains uncertain. As a result, carriers are beginning to explore and, in some cases, to secure, additional reinsurance limits and coverages under the ... Continue Reading »
Week’s Top Stories: June 22 – 28, 2019
Advancing Cyber Risk Management - From Security to Resilience: In an increasingly digital economy, cyber threats and vulnerabilities evolve fast. But despite growing anxieties around cyber, traditional security strategies and investments continue to lag. For organizations focused on balancing their growth plans and cyber security priorities both challenges and opportunities ... Continue Reading »
Week’s Top Stories: June 15 – 21, 2019
2019 Terrorism Risk Insurance Report: Terrorism remains a dynamic global risk and a serious threat for people and organizations. The evolution of terrorism risk exposes many countries to complex threats from both international and home-grown groups, as well as individuals acting on their own, known as "lone wolves." And the evolution of terrorism risk in recent years challenges ... Continue Reading »
