Sarfraz Thind

California's big climate show

California last week hosted a major summit on the insurance sector's response to climate change. The impressive list of attendees suggests a willingness to talk on this crucial of matters. Sarfraz Thind, Joshua Geer and Ronan McCaughey report

"Remarkable" year for natural disasters in 2023 with $370bn in economic losses, Aon finds

Only $120bn of the damages was insured, according to the broker

SEC climate rules will be disastrous for markets, say lawmakers

Political disputes once more rear head in climate conversation

"Mother nature does not discriminate against blue or red states," Lara says

Comment comes after NAIC adopts national climate resilience strategy

Fiduciaries considering future PRT deals "should tread very carefully"

PRT under pressure as litigation and regulation combine

Aviva completes purchase of Corebridge Financial's UK life business

Asset-intensive reinsurance intensively assessed

The NAIC is drawing up proposals to tackle asset-intensive reinsurance as regulators worry about the vast volumes of risk being ceded outside the US. Sarfraz Thind reports

Hyperactive hurricane season predicted for North Atlantic this year

Warmer seas and La Niña will prompt well above average hurricanes, TSR and CSU say

Verisk revamps cat risk models

SEC freezes climate disclosure rules in US after legal challenges

A hundred or so insurers will be subject to the disclosure rules