Cat risk

Moody's acquires casualty and liability modelling firm Praedicat

Firm was launched in 2012 by former RAND and RMS executives

Nat cat losses highly likely to hit $240bn annually within next decade

Verisk publishes global modelled insurance losses report

Zurich expands resilience initiative in a bid to address all climate hazards

Moody's shifts global reinsurance outlook to positive

Sector profitability boosted by tightened policy terms and limited capital inflows

Average annual insured loss from natcats grows to $151bn, Verisk estimates

Property exposure growth averages 7.2% over last five years

Japan's non-life insurers braced for claims from typhoon Shanshan

Aon predicts "hundreds of millions" of dollars in insured and economic losses

Allstate gets nod to hike California homeowner rates by 34%

Insurance commission has been looking to fast track rate rises in state

Liberty Mutual cuts wildfire coverage in California citing tech issues

Canada's Jasper wildfires caused $650m in insured losses

Wildfires join list of summer natcats pressurising country's insurance industry

Australia faces up to climate insurance affordability crisis

Actuaries Institute finds 15% of homes now under "insurance affordability stress"

NAIC's "dangerous" climate analysis proposals highlight US state split

RBC climate scenario analysis adopted despite fierce opposition from cat-prone states

Puerto Rico-based insurers well placed to handle Ernesto losses

Hawaii's 2023 wildfires a "wake-up call" for insurers

Moody's details lessons learned from last August's fires

IAG's reported insurance earnings rocket 79% after beating natcat budget

Australasian insurer unveils A$350m share buyback

Hiscox launches first GenAI underwriting model

Removes manual input to generate sabotage and terrorism quotes in minutes