All property risk articles
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NewsGlobal freeze map will help with business continuity
Freeze risk regularly impacts equipment and infrastructure which is often hidden and enclosed within a building
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Turkey earthquake largest in 84 years
Tragedy is a reminder that resilience is the main defence against such powerful seismic events
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How inflation is compounding business interruption
As rising costs fuel higher insured losses, risk managers will get preferential treatment for their organisational resilience, says FM Global
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Firms face underinsurance as construction costs rise
Raw material shortages and rising energy costs are causing building costs to skyrocket, potentially leaving business out of pocket
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The risk of underinsurance posed by inflation
Brokers have a ‘real opportunity’ to showcase their value in the face of cost and supply chain pressures
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AXA XL names China country manager
Dr HaoMing Zhou is based in Shanghai and reports to Gilles Fromageot, regional manager, Asia
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Complex energy claims dropped during 2020-2021
Losses such as the Beirut explosion in 2020 and Winter Storm Uri were not included in the analysis
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Namie Earthquake claims up to $4 billion - Verisk
Up to $820m in insured losses from the M7.3 earthquake are attributed to commercial and industrial properties
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CROSS urges attention to risk management
Engineers must consider risk management at a “fundamental level” following structural collapses and tragic building fires
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2021 catastrophe claims tally reaches $112 billion
Total economic losses from natural and manmade catastrophes reached $259 billion, up by 20%
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October storm claims tally reaches $1 billion
Severe weather in October “one of the costliest natural catastrophes ever” for South Australia - PERILS
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Australian properties lack resilience to tropical cyclones
Tropical storms to become more severe as the climate changes; ICA calls for stronger building codes and retrofitting programs
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Aon and ICEYE launch Japan climate risks solution
Japan experiences an average of three typhoon landfalls and several flood events annually
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Chaucer adds political risk to BRI consortium
The consortium will provide capacity of up to $300m to companies working on China’s Belt and Road Initiative
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Beazley launches Lloyd’s first ESG syndicate
Syndicate 4321 will support those businesses that invest in ESG by offering additional capacity on a multi-line basis
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Climate crisis to fuel rapid insurance growth - sigma
Climate-related risks are expected to result in a 22% increase in global property premiums, or up to $183 billion, over the next 20 years
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AIR releases new Japan quake and wind models
Events in recent years have reaffirmed the vulnerability of Japan to typhoons and earthquakes, prompting the updates
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Victoria floods gain ‘catastrophe’ status
Australian insurers have received more than 6,500 claims after storms and flooding affected large parts of the state of Victoria
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Australian government launches cat risk pool
The $10 billion reinsurance pool will subsidise the cost of insurance coverage for cyclones and related flood damage
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Is cladding ever safe to use?
When fire strikes in buildings using foam plastic materials, the results can be catastrophic and tragic
