Storm Henri hits north-eastern US

The storm knocked out power to 140,000 homes and caused deluges


California wildfires could cost insurers even more this year

AM Best says this year's wildfire season is about a month ahead of schedule


Rising interest rates hit South Korean insurers' capital ratios

The sector was also affected by higher capital requirements


US insurer paid $40m in cyber ransom after malware attack

CNA's is biggest ever disclosed cyber payment, says Bloomberg


Aviva looks to use current metrics for IFRS 17 CSM disclosure

Panellists at AM Best webinar discuss how disclosures will be presented


Chinese executives will have pay cut for solvency breaches

New rules outlined by CBIRC for under-capitalised underwriters


ESG factors impacting insurers' credit ratings revealed

AM Best explains how it considers insurers' ESG risks as part of credit rating analysis


Only half of insurers "actively engaged" on ESG risk management

AM Best finds high awareness of environmental, social and governance factors, but less mitigation


Covid-19 drives debt issuance among insurers

Total debt issued increased by 31% year-on-year


AM Best warns of severe NFIP losses from Sally

The rating agency warned the US Federal flood insurance backstop and private insurers with large flood exposures of large losses