Articles about Catastrophic Loss in Insurance
We all love the Northern Lights, but a solar storm powerful enough to create them could knock out our power grid for years. Let's talk about the multi-trillion-dollar insurance blind spot we're all ignoring.
A federal court just made a landmark decision in the tragic Parkland shooting case. Discover why insurers can't treat each gunshot as a separate incident and what this means for liability coverage.
A UK court just found mining giant BHP liable for the 2015 Brazil dam collapse in a staggering £36 billion lawsuit. Let's break down what this monumental case means for corporate liability and the insurance world.
When massive wildfires tore through Los Angeles, it created a workers' compensation crisis unlike any other. Here are the real stories and critical lessons for claims professionals from the people on the front lines.
When a hurricane hits, you expect major insurance payouts. But Zurich's CFO says they don't anticipate material losses from Hurricane Melissa. The reason why is a powerful lesson for us all.
When a hurricane finally moves on, the financial storm is just beginning. We're breaking down the staggering $2.4 billion in privately insured losses from Hurricane Melissa and what it means for everyone.
When Hurricane Melissa brought torrential rain, Jamaica's special insurance policy kicked in, delivering a much-needed $21.1 million. Here's a look at how this fast-acting coverage, called parametric insurance, is changing the game for disaster recovery.
Years after the tragic Ethiopian Airlines crash, a Chicago jury is deciding on the final payouts. Let's explore the complex insurance and legal battle that unfolds when a settlement just isn't enough.
When a massive hurricane struck, a unique financial tool called a catastrophe bond was triggered, sending $150 million in aid to Jamaica almost instantly. Let's break down how this high-stakes insurance bet works and what it means for disaster recovery.
A tragic UPS plane crash in Louisville left a wake of devastation. We'll go behind the news report to explore the complex web of insurance claims—from aviation and cargo to workers' comp—that follows such a catastrophe.